In recent times, with the continuous release of signals to stabilize the exchange rate and the strengthening of policies to maintain exchange rate stability, the yuan exchange rate has shown a significant stabilization after a slight decline at the beginning of the year. On the evening of January 20, the offshore yuan against the US dollar surged sharply, briefly reclaiming the 7.28 level and rising strongly by over 400 points. The onshore yuan against the US dollar also experienced a sharp surge, climbing nearly 500 points in a short period. Over the past week, the onshore yuan against the US dollar rebounded by nearly 700 points, while the offshore yuan rose by more than 800 points. Several industry insiders stated that after the previous release of depreciation pressure on the yuan, positive factors driving a new round of rebound for the yuan are now accumulating.

In recent times, with the continuous release of signals to stabilize the exchange rate and the strengthening of policies to stabilize the exchange rate, the yuan exchange rate has shown a significant stabilization after a slight decline at the beginning of the year. On the evening of January 20, the offshore yuan against the US dollar surged sharply, briefly reclaiming the 7.28 level and rising strongly by over 400 points. The onshore yuan against the US dollar also experienced a sharp surge, climbing nearly 500 points in a short period. Over the past week, the onshore yuan against the US dollar rebounded by nearly 700 points, while the offshore yuan rose by more than 800 points. Several industry insiders stated that after the previous release of depreciation pressure on the yuan exchange rate, positive factors driving a new round of yuan rebound are now accumulating.

What impact will it have on the domestic economy in the process of recovery? Meanwhile, investors are particularly concerned about the impact of exchange rate fluctuations on A-shares.

The dollar slumped and China’s yuan gained on Wednesday after China’s manufacturing activity expanded at its fastest pace since April 2012, while the euro rose after regional German inflation data signaled price pressures remain high.