Group 1 - The US dollar index fell to 98.6921, marking a three-week low, which led to an increase in both onshore and offshore RMB exchange rates, with offshore RMB surpassing the 7.17 mark, reaching a high of 7.16155, the highest since December 2024 [3] - The market analysis indicates that concerns over the US's twin deficits have intensified following Moody's downgrade of the US credit rating, and the Federal Reserve's cautious remarks have dampened market sentiment, leading to expectations of a policy pause until the July meeting [3] - Goldman Sachs' foreign exchange strategy team suggests that if the dollar index continues to decline, the RMB may test the 7.15 resistance level in the short term, but the second half of the year will depend on the divergence in monetary policies between China and the US [3] Group 2 - Moody's maintained China's sovereign credit rating at "A1" but kept the outlook negative, citing structural challenges such as real estate adjustments and local government debt risks [4] - The Chinese Ministry of Finance responded by highlighting that since the fourth quarter of last year, the government has implemented a series of macroeconomic policies that have led to a recovery in economic indicators and stabilized market expectations and confidence [4] - The Ministry of Finance emphasized that despite global economic uncertainties, China's economy has shown resilience and vitality, with stable production and consumption demand, and plans to continue implementing policies to support high-quality economic development [4]