TechFlow News: According to CCTV Finance, on May 9, the offshore RMB exchange rate against the U.S. dollar breached the 6.80 level for two consecutive days. The RMB central parity rate, onshore rate, and offshore rate all strengthened simultaneously. Zeng Gang, Director of the Shanghai Financial Development Laboratory, analyzed that this round of appreciation is primarily driven by the continued weakening of the U.S. dollar and China’s robust trade competitiveness, significantly boosting market confidence in RMB-denominated assets.
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