China: Assessing The Cycles And Trends Of RMB Exchange Rate Changes – Analysis

By Wei Hongxu

Since November 17, the exchange rate of the Chinese yuan (RMB) against the U.S. dollar (USD) has shown a strong rebound trend. By November 21, the onshore RMB-to-USD spot exchange rate rose above the 7.13 level at one point, closing at 7.1338, an increase of 409 basis points from the previous trading day, marking...