The RMB exchange rate against the US dollar is approaching the 7.0 mark, and the USDT over-the-counter exchange rate has dropped to 6.94

Odaily News With the implementation of the Fed's interest rate cut, both the onshore and offshore RMB exchange rates have strengthened, approaching the 7.0 mark. At 4:59 am on the 21st Beijing time, the offshore RMB against the US dollar was 7.0421, up 295 points from the New York closing price on Thursday; as of the close of 16:30 on the 20th, the onshore RMB against the US dollar was 7.0552, up 108 points from the previous trading day. At the same time, the USDT/CNY price on the OKX exchange fell to 6.94.