On November 4, the offshore RMB rose sharply against the US dollar, regaining the 7.20 mark, with a single-day increase of more than 1,500 points. Wang Qing, chief macro analyst of Oriental Financial Cheng, said in a written interview with a reporter from the Daily Economic News  - DayDayNews hotcomm

On November 4, the offshore RMB rose sharply against the US dollar, regaining the 7.20 mark, with a single-day increase of more than 1,500 points. Wang Qing, chief macro analyst of Oriental Financial Cheng, said in a written interview with a reporter from the Daily Economic News

The RMB rose by 1,500 points against the US dollar in a single day! Analysts: Global foreign exchange market is turning into a wide horizontal fluctuation, and China's balance of payments supports the RMB