RMB Closes at 6.9650 Against Dollar on January 21, Slight Decline

RMB Sees Minor Decline

Data shows that on January 21, the onshore Chinese yuan closed at 6.9650 against the US dollar at 16:30, down 47 basis points compared to the previous trading day.

Market Analysis

Experts suggest the slight drop is largely due to a stronger US dollar index and global market fluctuations. Additionally, uncertainties in global economic conditions have also put pressure on the currency.

Outlook

• The RMB could remain sensitive to external market movements
• Market watchers are closely following the Federal Reserve's policy direction
• Domestic economic indicators will serve as key reference points