The RMB exchange rate against the US dollar rose and approached the 7.0 mark, and the highest price on the Binance platform was only 6.98

BlockBeats news, on September 21, as the Federal Reserve released a signal of interest rate cuts, the RMB exchange rate showed a strong upward trend. As of 4:59 on September 21, the offshore RMB against the US dollar was 7.0421, up 295 points from the previous trading day. At the close of 16:30 on September 20, the onshore RMB against the US dollar was 7.0552, up 108 points.

As of press time, the highest price of USDT to CNY on the Binance platform was only 6.98 yuan, and when selling a small amount (less than 1,000 CNY), it was only quoted at 6.92 yuan.