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The midpoint rate of the RMB against the US dollar has increased by 41 basis points, continuing to hit a new high since March 2023
Golden Finance reports that on May 12, the midpoint rate of the RMB against the US dollar increased by 41 basis points to 6.8426, the highest midpoint rate since March 24, 2023; the previous trading day’s midpoint rate was 6.8467, the previous official closing price was 6.7954, and the previous night’s trading session closed at 6.7963. (Dongxin News)