【Offshore Renminbi Breaks Below 7.28 Intraday; Industry: "Supplementary Drop Effect" Leads to Daily Fluctuations in Renminbi Exchange Rate】Jin10 Data, December 2 - On December 2, both offshore and onshore Renminbi exchange rates against the US dollar experienced significant depreciation, with the offshore Renminbi rate briefly falling below 7.28, reaching a new low since July. Nevertheless, a foreign exchange trader from a Hong Kong bank believes that the downward trend in the Renminbi exchange rate is more akin to the "supplementary drop effect." As the US dollar index retreated to around 106.29, coupled with the Renminbi exchange rate having "released" the pressure for a supplementary drop, the Renminbi exchange rate has returned to a relatively balanced range of fluctuations. If the US dollar index does not rise rapidly again in the future, the space for further declines in the Renminbi exchange rate is relatively limited. Foreign exchange traders predict: "In the short term, even if the Renminbi exchange rate hits a new low for the year, if the Renminbi exchange rate continues to decline rapidly, the foreign exchange market's expectations for the People's Bank of China to intensify its efforts to stabilize the exchange rate will strengthen, which will help stabilize and rebound the Renminbi exchange rate." (Everyday Economic Network) (Transferred from: Jin10 Data)