The RMB has strongly broken through 7.16, and the offshore market sentiment is changing!
The RMB bulls are making a strong push, reaching a six-month high!
Today, in both onshore and offshore markets, the RMB against the US dollar has surged past the 7.16 mark
Onshore reached a high of 7.1565, and offshore soared to 7.1524, refreshing the high since November last year.
As of 16:30, the onshore spot closed at 7.1684, up 29 basis points for the day.
Cumulative increase this year:
✔ Midpoint +0.37%
✔ Onshore +1.8%
✔ Offshore +2.3%
