Internet reports that recently, the exchange rate of the RMB against the US dollar has shown a fluctuating upward trend. Wind data showed that as of the close of business on March 12, the onshore RMB exchange rate against the US dollar rose by 0.54% in March, once recovering from near the "7.3" mark to near the "7.2" level. Looking at it over time, compared with this year's lowest point (7.3326), the onshore RMB exchange rate against the US dollar has rebounded by about 1.19%. The exchange rate of the offshore RMB against the US dollar also showed a similar trend. As of the close of trading on March 11, the exchange rate of the offshore RMB against the US dollar rose by 0.93% in March. "The exchange rate of the RMB against the US dollar has fluctuated upwards in recent trading days, mainly due to the sharp decline in the US dollar index. Recently, non-US currencies have generally appreciated, and the RMB has also risen." said Wang Qing, chief macro analyst of Orient Jincheng. (Securities Daily)