The offshore RMB may continue to depreciate, but the extent is limited, and it may be difficult to break 7.
Under the expectation of the appreciation of the US dollar, non-US currencies are generally weak against the US dollar, and the offshore RMB has to depreciate. RMB to remain generally "stable and volatile" in past 10 years. The intention of the Chinese...
USDCNH Jan 2022 to 14 Aug 2022
USD/CNH refreshed the highest level since 2022 yesterday, with short-term support focusing on the May high of 6.8375. After the RSI failed to break through 70 again, it is showing signs of divergence (the high point in May and the high point of the year refreshed yesterday), suggesting that the exchange rate may turn down in the...
