Core Points - The People's Bank of China announced the central parity rate of the RMB against the USD at 7.1019, an increase of 15 basis points from the previous day's rate of 7.1034 [1] - The RMB has appreciated against the USD for two consecutive trading days, with a total appreciation of 45 basis points for the week [1] - As of 9:35 AM on the same day, the onshore RMB was quoted at 7.1205 against the USD, showing a slight appreciation of 0.02%, while the offshore RMB was at 7.1171, reflecting a slight depreciation of 0.06% [1]

Core Viewpoint - The Chinese yuan appreciated against the US dollar, with the central parity rate reported at 7.1052, an increase of 56 basis points [1] Exchange Rate Summary - As of 9:50 AM on the same day, the onshore yuan exchange rate was quoted at 7.1422, reflecting an appreciation of 0.01% [1] - The offshore yuan exchange rate against the US dollar was reported at 7.1412, indicating a depreciation of 0.02% [1]

北京商报讯（记者 刘四红）9月3日，人民币对美元中间价报7.1108，贬值19个基点。 截至当日9时39分，人民币对美元汇率报价7.1380，升值0.02%，离岸人民币对美元汇率报7.1361，升值 0.03%。 ...

截至当日9时43分，人民币对美元汇率报价7.1393，贬值0.02%，离岸人民币对美元汇率报7.1364，贬值 0.02%。 北京商报讯（记者 刘四红）9月2日，人民币对美元中间价报7.1089，贬值17个基点。 ...

Core Viewpoint - The article discusses the recent fluctuations in the onshore and offshore RMB against the USD, highlighting the impact of the Federal Reserve's monetary policy on the dollar's future trajectory [1]. Currency Exchange Rates - On August 20, the onshore RMB opened slightly lower at 7.1865 against the USD, compared to the previous day's closing rate of 7.1820 [1]. - As of 9:30 AM, the offshore RMB was quoted at 7.19168 against the USD [1]. - The RMB's central parity rate against the USD was set at 7.1384, which is a decrease of 25 basis points from the previous trading day [1]. Dollar Index - The USD index was fluctuating above the 98 mark, reported at 98.3926 as of 9:30 AM [1]. Future Outlook - HSBC China indicated that the future movement of the USD will largely depend on the Federal Reserve's monetary policy stance and the potential candidates for the next chairperson [1]. - With the Federal Reserve resuming interest rate cuts, cyclical factors may become more dominant in influencing the dollar's performance [1].

Core Viewpoint - The Chinese yuan appreciated against the US dollar, with the central parity rate reported at 7.1350, an increase of 68 basis points [1] Exchange Rate Summary - As of 9:33 AM on the same day, the onshore yuan exchange rate was quoted at 7.1828, reflecting a depreciation of 0.03% [1] - The offshore yuan exchange rate stood at 7.1867, showing a depreciation of 0.02% [1]

Core Viewpoint - The recent recovery of the RMB against the USD is attributed to domestic economic stabilization and supportive policies, alongside a decline in the USD index, which alleviates depreciation pressure on the RMB [1][2][4]. Group 1: RMB Exchange Rate Recovery - The onshore and offshore RMB against the USD have both recovered above the 6.7 mark, with the onshore rate closing at 6.6737 on May 25, following a low of 6.7898 on May 13 [1][2]. - The RMB's recovery is supported by the gradual easing of local COVID-19 restrictions and the implementation of growth-stabilizing policies, which have boosted market confidence [2][4]. Group 2: USD Index Dynamics - The USD index peaked at over 105 on May 13 but has since declined to around 102, influenced by concerns over a potential U.S. economic recession [4][5]. - Recent economic indicators, such as the New York Fed manufacturing PMI and the Philadelphia Fed manufacturing index, have shown significant declines, indicating downward pressure on U.S. economic growth [4]. Group 3: Market Sentiment and Stability - Market participants are generally rational regarding recent RMB fluctuations, with no signs of panic in the foreign exchange market, reflecting a normal state of market volatility [3][4]. - The RMB's exchange rate is expected to remain stable in the long term, primarily driven by domestic fundamentals, despite short-term fluctuations influenced by external factors [6]. Group 4: Future Outlook - Short-term predictions suggest a wide range of fluctuations for the RMB, influenced by the upcoming Federal Reserve meeting and potential interest rate hikes [6]. - The recent measures by the foreign exchange bureau aim to enhance the management of foreign exchange risks for enterprises, promoting a risk-neutral approach to currency management [7].

Core Viewpoint - The Chinese yuan has depreciated against the US dollar, marking a continuous decline over three days, with the central parity rate reported at 7.1418 on August 12, reflecting a depreciation of 13 basis points [1] Exchange Rate Summary - As of 10 AM, the onshore yuan exchange rate against the US dollar was quoted at 7.1871, showing an appreciation of 0.03% [1] - The offshore yuan exchange rate against the US dollar was reported at 7.1912, indicating an appreciation of 0.07% [1]

Core Viewpoint - The People's Bank of China announced a depreciation of the RMB against the USD, with the central parity rate set at 7.1405 on August 11, down 23 basis points from the previous day's rate of 7.1382 [1] Exchange Rate Summary - The onshore RMB against the USD opened higher on the same day, trading at 7.1830, reflecting a slight appreciation of 0.01% [1] - The offshore RMB against the USD also showed an upward trend, trading at 7.1873, with a daily appreciation of 0.03% [1]

Core Points - The central exchange rate of the Renminbi (RMB) against the US dollar is reported at 7.2116, which represents a depreciation of 42 basis points compared to the previous trading day [1] Exchange Rate Summary - The exchange rates for various currencies against the Renminbi as of April 23, 2025, are as follows: - 1 USD = 7.2116 RMB - 1 EUR = 8.2496 RMB - 100 JPY = 5.1001 RMB - 1 HKD = 0.92950 RMB - 1 GBP = 9.6399 RMB - 1 AUD = 4.6397 RMB - 1 NZD = 4.3492 RMB - 1 SGD = 5.5180 RMB - 1 CHF = 8.7857 RMB - 1 CAD = 5.2550 RMB - 1 MOP = 1.1089 RMB - 1 MYR = 0.60743 RMB - 1 RUB = 11.1609 RMB - 1 ZAR = 2.5691 RMB - 1 KRW = 196.30 RMB - 1 AED = 0.50562 RMB - 1 SAR = 0.51635 RMB - 1 HUF = 49.5844 RMB - 1 PLN = 0.52010 RMB - 1 DKK = 0.9069 RMB - 1 SEK = 1.3255 RMB - 1 NOK = 1.4360 RMB - 1 TRY = 5.26636 RMB - 1 MXN = 2.7085 RMB - 1 THB = 4.6060 RMB [2]