The value of offshore RMB increased by nearly 400 points when the market closed on Monday. This is the largest increase in closing value in the last three months. This sudden increase made up for the lost value in July; while the exchange rate increased, the offshore RMB steadily declined for four days, which naturally had a great influence on the cost of Chinese agricultural import and export.
Offshore RMB suddenly increased by nearly 400 points
Source: iFeng - iMarkets