Banking Insurance Regulatory Commission: The depreciation of the RMB exchange rate will not continue unilaterally for a long time

The relevant person in charge of the Banking Insurance Regulatory Commission said that the depreciation of the RMB exchange rate will not continue unilaterally for a long time. Don't gamble on the unilateral depreciation and appreciation of the RMB, otherwise you will suffer unnecessary losses.
“The RMB exchange rate fluctuates within a reasonable range, and the overall performance is steady. The decline in the exchange rate is a return to the average that has been strong over a long period of time, and an appropriate correction is a normal market reflection.”

The offshore renminbi recovered 6.79 against the US dollar, rebounding more than 500 points from the daily low.