
The index surged over 300 points, and the onshore RMB to USD exchange rate rose to a new high in more than three years

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On April 8th, the onshore RMB to USD exchange rate surged significantly, reaching a high of 6.8243 during the trading session, an increase of over 350 points compared to the previous trading day, marking a new high for 2023. The US dollar index fell sharply due to the easing situation in the Middle East, which positively influenced the RMB exchange rate. Analysts pointed out that the stabilization of the external economic and trade environment and continued growth in exports will provide support for the RMB exchange rate

