Analysis of RMB - USD Exchange Rate Trends

Recently, the RMB - USD exchange rate has shown significant fluctuations. As of July 29, 2025, 1 RMB equals 0.1393 USD. In the past week, the rate has been relatively stable, with minor daily changes.

In July, the RMB strengthened against the USD. On July 24, the RMB - USD exchange rate mid - point was adjusted up by 29 basis points to 7.1385, the highest since November 6, 2024. This was due to several factors. Firstly, the weakening of the USD index, which dropped to 97.20 by July 23, with a year - to - date depreciation of nearly 11%, was a major driver. The uncertainty of the Fed's interest rate cut and the "weak dollar" expectation in the market led to the depreciation of the dollar. Secondly, China's economic fundamentals have been improving steadily, which has increased the attractiveness of the RMB.

Looking ahead, with the continuous recovery of the Chinese economy and the possible continuation of the "weak dollar" trend, the RMB may maintain an upward trend against the USD. However, the exchange rate is also affected by many factors such as trade policies and global economic recovery, so it will still show two - way fluctuations.