[RMB, sudden change! What happened?] According to Jinshi Data on October 15, today, the RMB exchange rate continued to fall. The offshore RMB exchange rate against the US dollar once fell below the 7.12 mark, falling by more than 350 points during the day; the onshore RMB exchange rate against the US dollar fell by more than 300 points. In the morning, the People's Bank of China authorized the China Foreign Exchange Trading Center to announce that the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.0830 yuan, a depreciation of 107 basis points. Analysts believe that the main reason for this wave of decline in the RMB exchange rate is the continued strength of the US dollar. As the expectation of a sharp interest rate cut by the Federal Reserve was dashed, the US dollar quickly strengthened relative to other currencies, and the US dollar index has wiped out about two months of decline. Regarding the market fluctuations in the future, the analysis agency believes that the future trend of the RMB exchange rate will depend on the strength of the subsequent fiscal policy. Based on the analysis of the domestic and international situation, it is expected that the RMB exchange rate will maintain a volatile trend of two-way fluctuations this year. (Securities China) (Reprinted from: Jinshi Data)