The Renminbi exchange rate has experienced significant fluctuations, breaking above 7.26.
The fluctuations in the Renminbi exchange rate and the decline in the A-share market may be related to the dynamics of global central banks, the unexpected interest rate cut by the Swiss Central Bank, the performance of U.S. economic data, and adjustments in market expectations regarding inflation and interest rate cuts. These factors jointly acted on the foreign exchange market and stock market, leading to fluctuations in the Renminbi and the decline in the A-share market.