The RMB exchange rate has refreshed to a high point in over a year, while the upward space for the US dollar is limited.

According to ChainCatcher news and Jin10 reports, today the RMB exchange rate has refreshed its highest level in over a year, with both onshore and offshore RMB against the US dollar recovering past the 7.09 mark. Industry experts believe that the upward space for the US dollar index is limited, and the RMB trend will remain strong and stable, with seasonal exchange settlement demand in the fourth quarter providing important support for the RMB. Wang Qing, chief macro analyst at Dongfang Jincheng, stated that as the Fed may continue to cut interest rates, the upward space for the US dollar index is limited, and it is expected that the RMB will be in a relatively strong operating state in the short term.