Cryptocurrency Q&A
Why is RMB losing value?
Why is RMB losing value?
KimonoGlory
Thu Oct 24 2024
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6 answers
1113
I've noticed that the value of RMB has been decreasing recently. I'm wondering what factors are causing this depreciation. Is it related to economic policies, global market conditions, or something else? I'd like to understand the reasons behind this trend.
6 answers
HallyuHeroine
Sat Oct 26 2024
The yuan faces ongoing challenges due to high U.S. interest rates.
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EthereumEmpire
Sat Oct 26 2024
These high rates, coupled with efforts to stimulate the domestic U.S. economy, exert pressure on the yuan's value.
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EthereumLegend
Sat Oct 26 2024
Despite these challenges, the yuan's trading within the onshore exchange market remains stable.
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Riccardo
Fri Oct 25 2024
The stability is attributed to a band fixed by China's central bank.
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KDramaLegend
Fri Oct 25 2024
This band acts as a buffer, aiming to mitigate the impact of external economic forces.
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