TechFlow news, on September 21, according to Zhongxin Jingwei, as the Federal Reserve signaled rate cuts, the RMB exchange rate showed a strong upward trend. As of 4:59 am on September 21, offshore RMB against the US dollar stood at 7.0421, up 295 basis points from the previous trading day. At the close of September 20 at 4:30 pm, onshore RMB against the US dollar was quoted at 7.0552, up 108 basis points. The USDT/CNY price on OKX exchange dropped to 6.94.
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