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the rmb exchange rate is appreciating rapidly! on september 7, three pieces of news hit the market in the early hours of this morning!

2024-09-07

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1. the rmb exchange rate appreciated rapidly and rebounded. the central parity rate of rmb against the u.s. dollar increased by 159 points, reaching the highest level since april.

in recent times, the rmb exchange rate has been leading the way, and the offshore rmb exchange rate against the us dollar has jumped up, soaring by more than 200 points.

in addition, the appreciation of the rmb exchange rate is also affected by external factors, such as the federal reserve's interest rate cut. as for the extent of the rate cut, although there is still some controversy, the market's expectations for this are already quite high.

2. nvidia's stock price plummeted, and the actual controller accurately reduced his holdings and cashed out more than 4 billion.

nvidia, known as the "ai chip giant", saw its stock price hit a record high in june this year. at the same time, the company's actual controller also began to reduce its holdings, selling more than 5 million shares in recent months and cashing out a total of approximately us$630 million.

over the past year or so, the ai ​​investment boom has driven nvidia's stock price to soar, and its stock price has risen by more than 120% this year. however, in the past three months, nvidia's stock price has fallen, with a cumulative decline of about 11%.