On September 22nd, the central parity of RMB against the US dollar was reported at 6.5861, 6 basis points higher than that of the previous day, ending the previous three-day downward adjustment.

In the overnight market, the US dollar index dropped to 92.1293 at the lowest level due to the liquidation of long positions. The data such as the US initial application released overnight showed strong performance, but the US dollar was indifferent to it.

In the early morning of September 21st, Beijing time, the Federal Reserve announced its interest rate resolution in September, decided to keep the interest rate range of the federal funds unchanged at 1%~1.25%, announced that it would reduce its balance sheet from October, and hinted that it would raise interest rates again this year. The dollar was boosted and rose by 1%.

insiders pointed out that, on the whole, the recent weakening of the US dollar and the strengthening of the RMB are unlikely to be significantly reversed during the year. It is expected that there will be limited room for the subsequent RMB exchange rate correction, and the two-way fluctuation pattern will continue during the year.