The RMB exchange rate has continuously strengthened amidst the drastic shocks in the global financial market. The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that the intermediate price of the RMB exchange rate in the inter-bank foreign exchange market on August 6 was RMB 7.1318 per US dollar, an increase of 27 basis points in a single day. Renminbi intermediate price for two consecutive trading days show appreciation trend. On the same day, the onshore yuan against the dollar exchange rate and offshore yuan against the dollar exchange rate were slightly retracement, respectively, around 7.15, 7.14 small fluctuations, the final onshore yuan against the dollar exchange rate closed at 7.1469.
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