the offshore RMB against the U.S. dollar fell in a straight line, approaching the 6.44 mark at one point.

In April, with the further strengthening of Fed rate hike expectations, the U.S. dollar index continued to climb. In the 15 working days since April, the U.S. dollar index has risen for 13 working days, becoming the strongest currency since April. At around 18:30 on April 19, the offshore RMB broke through the important threshold of 6.40 and reached a high of 6.42 in the early morning of the next day. On April 20, the offshore RMB against the U.S. dollar fell in a straight line, approaching the 6.44 mark at one point.