Chinese RMB sets a new record against the U.S. dollar

According to data released by China Foreign Exchange Trading System (CFETS), RMB exchange rate in the inter-bank foreign exchange market has strengthened 108 basis points and stands at 1 USD=RMB 6.3772 on September 21. RMB exchange rate against the USD has exceeded 100 basis points, marking  a record level since the reform of RMB exchange rate