Onshore RMB has broken through the major level of 7.01, reaching a new high since September 27, 2024. According to data from China Currency Network, this upward trend reflects a broader market environment.
Meanwhile, offshore RMB also briefly surpassed the psychological support level of 7.0 around the same time, showing a synchronized movement between the two markets. According to information from Sina and other data providers, although there is a slight price difference between onshore and offshore, the overall upward pressure on the RMB is becoming more evident.
This movement in the onshore market is believed to be influenced by foreign capital inflows and macroeconomic factors, with increasing attention on future exchange rate trends.
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Onshore RMB has broken through the major level of 7.01, reaching a new high since September 27, 2024. According to data from China Currency Network, this upward trend reflects a broader market environment.
Meanwhile, offshore RMB also briefly surpassed the psychological support level of 7.0 around the same time, showing a synchronized movement between the two markets. According to information from Sina and other data providers, although there is a slight price difference between onshore and offshore, the overall upward pressure on the RMB is becoming more evident.
This movement in the onshore market is believed to be influenced by foreign capital inflows and macroeconomic factors, with increasing attention on future exchange rate trends.