On the afternoon of July 30, the RMB exchange rate set off a strong upward trend. As of 19:00 on the same day, the offshore renminbi was 6.7537 against the US dollar, rising nearly 100 points during the day, hitting a new intraday high since February 2023; the onshore renminbi was also unwilling to show weakness. As of the press release, 6.7551, it had risen more than 100 points from the closing price of the previous trading day, strengthening at the same time.

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