At the end of the New York session on Friday, the offshore RMB was 6.7308 yuan against the US dollar, down 114 points from the end of Thursday. Overall intraday trading was in the 6.7176-6.7328 yuan range. Federal Reserve Chairman Walsh's speech revealed a flat market, and continued to decline thereafter. This week, the cumulative decline of the offshore renminbi was around 0.15%.

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