Update 1 – Foreign exchange market in China: the yuan closed more than 300 points and gave up more than half of yesterday’s gains, short-term or consolidation around 6.6 – Reuters

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1. Update 1 – Foreign exchange market in China: the RMB closed over 300 points lower and gave up more than half of yesterday’s gains, and could consolidate around 6.6Reuters
2. Renminbi soars against dollar, investors are betting that Biden’s victory can facilitate US-China relationsWall Street Journal Chinese website
3. The US dollar index stopped falling and rebounded, the central parity rate of the yuan rose 226 points to 6.5897Sina
4. The renminbi rose 8% in 5 months, once the 6.55 broke! RMB assets are stolenSina
5. Onshore RMB closed at 6.5728 to appreciate 487 points, institutions: there is still room for appreciationSina
6. View the full report on Google News

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