On Thursday, September 22, driven by the Japanese government's intervention in the yen, non-US currencies collectively rose, while US dollar index fell sharply.
Offshore RMB once rose by more than 200 points against the US dollar, reaching a high of 7.0788, and fell below 7.10 in the morning.
Euro against the US dollar and pound against the US dollar also continued to rise, currently at 0.9883 and 1.1319 respectively. The
USD index fell by 100 points at one point, with a low of 110.46.
Early, Japan's Deputy Minister of Finance Masato Kanda said that Japan has taken bold actions and has intervened in the foreign exchange market. Speculation is the reason behind the recent sudden and unilateral fluctuations. The Japanese government is highly concerned about the excessive fluctuations in the yen and will maintain a high degree of urgency and closely monitor foreign exchange trends.
Affected by this news, the yen exchange rate jumped in the short term, and the yen rose by more than 450 points against the US dollar in the short term, with a low of 141.17 and is currently at 142.11. The
USD index is the weighted average price of a basket of currencies against the US dollar, among which the top three are the euro (57.6%), the Japanese yen (13.6%) and the British pound (11.9%).
was affected by the pullback of the yen, and other non-US currencies also rose against the US dollar, jointly pushing the US dollar index down.
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