The onshore yuan just hit 6.9683 per dollar in early trading—the strongest showing since mid-May 2023. This marks a notable shift in currency dynamics worth watching for anyone tracking forex movements and their ripple effects across international markets. The momentum suggests shifting pressures on the yuan-dollar pair after an extended period of range-bound trading.
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MidnightGenesis
· 7h ago
On-chain data shows that the RMB has indeed rebounded under pressure. This is an interesting point—it's important to monitor subsequent contract changes. Unsurprisingly, the central bank is deploying something again late at night.
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ProofOfNothing
· 7h ago
Hmm, isn't it? Is the RMB about to rebound?
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ChainWatcher
· 7h ago
The RMB is starting to play the heartbeat again, this rhythm is interesting
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BottomMisser
· 8h ago
Is the RMB about to take off again? The strongest since May last year, quite interesting.
The onshore yuan just hit 6.9683 per dollar in early trading—the strongest showing since mid-May 2023. This marks a notable shift in currency dynamics worth watching for anyone tracking forex movements and their ripple effects across international markets. The momentum suggests shifting pressures on the yuan-dollar pair after an extended period of range-bound trading.