Offshore RMB rose about 1.4% in February, once approaching 6.82 yuan

Offshore RMB rose by approximately 350 points this week, an increase of 0.50%; in February, it rose by about 950 points, an increase of 1.37%. Overall, it continued to rise, with a trading range of 6.9630-6.8267 yuan. According to Bloomberg data, offshore RMB broke through the 50-month moving average (this technical indicator is currently at 7.0569 yuan) in December, and in February, it rose above the 50-month moving average (currently at 6.8855 yuan). The 200-month moving average is temporarily unavailable.