Last week, the median price of their currency against the US dollar hit a record high, close to 6.1, the second high after the National Day.
Market participants believe that the high innovation more intention shows the central bank stronger appreciation of the RMB. The middle price is still rising up, driving the spot rate to rise again is only a matter of time.
But because the trade surplus sharply below expectations, the RMB exchange rate is likely to face some weakness in the short term.
Written by Dora Men
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