The RMB to USD exchange rate saw a large increase on a weekly basis, and the stable and slightly strong trend is expected to continue.

Last week, the exchange rate of the Chinese Yuan against the US Dollar soared. On April 8th, the onshore and offshore Yuan against the US Dollar both rose by over 300 basis points, reaching a new high since April 2023. Experts say that the Yuan exchange rate continues to strengthen due to external factors such as easing tensions in the Middle East. Internally, China's stable foreign trade environment, continued high export growth, and improving domestic consumption and investment growth rates are providing strong support for the Yuan exchange rate.