China: Fluctuation And Stability Of RMB Exchange Rate In Post-Pandemic Period – Analysis

By Chan Kung and Wei Hongxu*

Under the United States’ economic recovery and rising inflation expectations, the U.S. long-term Treasury yields have been rising continuously, and the U.S. dollar has reversed the depreciation trend began in the second half of last year. Due to the influence of the "taper tantrum" effect, the...