The RMB to USD exchange rate surged this week, and its stable and strong trend is expected to continue.
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On April 8, the onshore and offshore RMB-to-USD exchange rates both surged by more than 300 basis points during trading, reaching their highest levels since April 2023. Experts indicated that, due to external factors such as an easing situation in the Middle East, the RMB exchange rate has continued to strengthen. From an internal perspective, China's foreign trade environment remains stable, exports continue to grow strongly, and the growth rates of domestic consumption and investment are also improving, providing strong support for the RMB exchange rate.
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