The central parity rate of the Renminbi is reported at 7.1464, down 65 basis points.

On August 16th, the central parity rate of RMB was reported at 7.1464, down 65 basis points from the previous trading day's central parity rate of 7.1399. The Federal Reserve's Mester: Risks More Balanced, Rate Cuts Approaching The Federal Reserve's Mester said he believes it is an appropriate time for the Fed to cut interest rates. Mester said he now thinks inflation has returned to the trajectory of returning to the Fed's 2% target, and the labor market is no longer a risk to inflation. He believes the risks in the two directions of the mission seem more balanced, so with future meetings approaching, the time may be coming for a moderate restrictive policy adjustment. These remarks have made Mester

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