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The dollar strengthened, non-U.S. currencies came under pressure, and the yuan's central parity hit a 14-month low
On November 13, the central parity rate of the RMB against the US dollar stood at 7.1991, down 64 basis points from the previous trading day and the lowest value since September 11, 2023. Since the fourth quarter of this year, the RMB has fluctuated significantly against the US dollar due to factors such as the strengthening of the US dollar index, and the overall depreciation has been significant. "The depreciation of the RMB against the US dollar is significantly smaller than the increase of t...
2024-11-13 22:15:05
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