Late-night counterattack! The offshore renminbi has risen against the US dollar breaking through five levels. What happened? Industry expectations suggest that the renminbi may welcome a rebound.
① In the evening, the offshore Chinese yuan against the US dollar continued to rise, recovering the levels of 7.31, 7.30, 7.29, 7.28, and 7.27 in succession, with an increase of nearly 750 points during the day. ② Against the backdrop of current external pressures not significantly easing and the need for further repair of domestic demand in China, the stable Exchange Rates policy will continue to maintain a strong力度.
Eurozone's Monthly Construction Output Up 1.2% in November 2024
Italy's Annual Construction Output Up 3.6% in November 2024
DAX Doesn't Reflect German Economy -- Market Talk
DAX Continues to Shrug Off German Economic Woes -- Market Talk
German Annual Producer Prices Rise 0.8% in December 2024