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Is the depreciation of the RMB good or bad for the money fund market?

As we all know, changes in the value of the RMB have a greater impact on import and export trade, but currently have less impact on monetary funds.

Monetary funds are mainly issued domestically, including subscriptions and other laws and regulations, and do not involve foreign exchange settlement. Therefore, I believe that the depreciation of the RMB will have little impact on monetary funds. At present, the RMB will not appreciate or depreciate significantly, which is not in line with the central bank's policy of stabilizing the currency market.

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