The Renminbi's central parity rate against the US dollar increased by 88 points from the previous day to 7.1894.

On November 28, the central rate of the renminbi against the dollar was adjusted up by 88 points to 7.1894 compared to the previous day. Expectations of a Federal Reserve interest rate cut in December have strengthened! The number of Americans continuing to claim unemployment benefits unexpectedly rose to the highest level in three years. The number of initial claims for unemployment benefits in the week before Thanksgiving significantly dropped to a seven-month low, indicating that businesses have not laid off as many workers as some economists had predicted, demonstrating the resilience of the usa labor market, and consumer spending supported by the labor market is expected to remain strong. The usa economy is still showing steady growth. However, the unexpected rise in the number of continuing unemployment claims to a three-year high indicates that many are unemployed in the usa.

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