Offshore renminbi strengthened for two consecutive days, forming a V-shaped reversal this week.

On Friday's New York session, offshore yuan against the US dollar was reported at 7.1791 yuan, up 69 points from Thursday's New York session, showing strength for two consecutive trading days, with overall trading ranging from 7.1876 to 7.1742 yuan. This week, offshore yuan has shown a V-shaped reversal, rising above 7.18 yuan on Monday and then steadily declining. In early Asia-Pacific trading on Thursday, it fell to 7.1975 yuan before rebounding, rising to 7.1742 yuan in the first half hour before the opening of the US stock market on Friday.