RMB Weakens Slightly Against Dollar, Closes at 6.9114

RMB Exchange Rate Sees Mild Decline

At 16:30 on February 13, the onshore RMB closed at 6.9114 against the US dollar, a decline of 98 points from the previous session. This downward movement reflects short-term cautious sentiment in the market.

Market Analysis

Experts noted that the RMB's fluctuations are influenced by multiple factors, including the dollar's performance, market risk appetite, and macroeconomic indicators.

• The recent strength of the US dollar has exerted pressure on the RMB
• Market expectations of Fed rate hikes continue to influence exchange rate trends
• Domestic economic data has provided support for the RMB

Outlook

Experts predict that while the RMB will remain broadly stable, it could still be affected by international financial market volatility in the near term.