On February 24, the RMB exchange rate rose strongly, with the USD/RMB exchange rate hitting 7.2281, a new high since November 2024. The U.S. dollar index fell to 106.22, a near two
At the beginning of February 2025, the yuan rebounded strongly from 7.35 to 7.30, causing the market to pay attention to the direction of the euro. The Australian dollar fluctuated
The recent significant rise in the pound exchange rate was mainly driven by the weakening of the US dollar, improving UK economic data, Bank of England policy expectations, easing