Onshore RMB to USD traded at a 14-month high on December 15, with intraday prints peaking at 7.0500 per USD—the first breach of that level since October 9, 2024, per China Money. The level signals renewed demand for the yuan amid steady domestic data and evolving policy expectations.
Offshore RMB to USD advanced to 7.046, a fresh high not seen since early October 2024, according to Sina quotes. The offshore firmness points to cross-border liquidity dynamics and divergent sentiment between onshore and offshore FX channels.
The central parity rate was set at 7.0656, a depreciation of 18 basis points, providing a reference anchor for today’s intraday moves in both markets and highlighting a measured stance in the FX framework for the period.
Source: https://en.coinotag.com/breakingnews/renminbi-rmb-reaches-14-month-high-against-usd-on-dec-15-onshore-7-0500-offshore-7-046-central-parity-7-0656
