The RMB Onshore Market Was Hovering

- Oct 13, 2017-

As of 12 October, the RMB onshore market was hovering at 6.5859 against the dollar, while  offshore markets hit 6.5791 against the dollar. 


This means that since September, the currency exchange rates are experiencing the round roller coaster market - early September soared all the way to highs of 6.4345, since mid to late September callback about 2000 basis points to 6.65, after then jumped again about 800 basis points. 


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