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The exchange rate of the Chinese yuan against the US dollar is approaching the 7.0 mark, and the foreign exchange rate of the USDT market has dropped to 6.94

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Odaily Planet Daily News: With the implementation of the US Federal Reserve's interest rate cut, both onshore and offshore exchange rates of the Chinese yuan have strengthened, approaching the 7.0 mark. At 4:59 am Beijing time on the 21st, the offshore RMB/USD exchange rate was 7.0421, up 295 points from the late Thursday trading in New York; As of 16:30 on the 20th, the onshore Chinese yuan was trading at 7.0552 against the US dollar, up 108 points from the previous trading day. Meanwhile, the USDT/CNY price on the OKX exchange dropped to 6.94.

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