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New Ocean Group Co.Limited
Add:1006 ROOM,LI JING BUILDING,NO.53,WEI DI ROAD,HEXI DIST,TIANJIN, CHINA
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The RMB exchange rate against the US dollar continued to rise.
On November 14, China Foreign Exchange Trading Center released data showing that the central parity rate of the RMB against the US dollar rose by 1008 points to 7.0899, the largest increase since July 22, 2005.
Subsequently, driven by the middle price, the spot exchange rate of the RMB against the US dollar continued the appreciation momentum of last Friday and once rose above the 7.07 level to 7.0652, with a rise of more than 300 points.
The offshore RMB exchange rate against the US dollar, which more reflects the expectations of international investors, also rose. Wind shows that the RMB once recovered 7.06 against the US dollar in the offshore market on November 14.