On October 24, the offshore RMB fell to 7.29 against the US dollar, and the decline narrowed. Data released by the European Statistics Office on October 24 showed that the initial value of the manufacturing PMI in the euro zone in October was 46.6, expected 47.9, and the previous

2025/07/0510:32:36 hotcomm 1198

On October 24, the onshore and offshore RMB exchange rates against the US dollar fell below the 7.26 and 7.30 marks respectively.

onshore RMB fell 168 points against the US dollar intraday to 7.2622, setting a new low since mid-January 2008.

On October 24, the offshore RMB fell to 7.29 against the US dollar, and the decline narrowed. Data released by the European Statistics Office on October 24 showed that the initial value of the manufacturing PMI in the euro zone in October was 46.6, expected 47.9, and the previous - DayDayNews

reflects the offshore RMB expected by international investors to fall to 7.3004 against the US dollar intraday, down more than 700 points from the previous trading day. The intermediate price of

remains relatively stable. Today, the central price of RMB against the US dollar was 7.1230, a decrease of 44 points; the central price of the previous trading day was 7.1186, and the official closing price of on the previous trading day was 7.2494, and the closing price of the previous day and night trading was 7.2244.

Pengpai News quoted a foreign exchange trader from a state-owned bank as saying:

Last week, Fed officials sent a completely different signal to the rate hike. US dollar index also rose first and then fell, and rebounded sharply today. The next trend of the US dollar and the RMB still depends on the results of the Fed interest rate meeting next week, and the mid-price still reflects the attitude of maintaining stability.

On October 24, the US dollar index had an intraday high of 112.34 points, up about 0.39% from the previous day.

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