Let's talk about the depreciation of the U.
Actually, most of the time, the trend of the U follows the USD.
(The USD hasn't really dropped much)
But there are also times when it deviates,
because the U is more "free" than the USD, without central bank support, so it can briefly deviate due to supply and demand.
A bit more expensive, a bit cheaper, is all very normal.
Recently, the U dropped below 7, essentially I believe it is due to one thing,
there are more people selling U in the market, and the demand for capital outflow has increased.
When combined with some emotions and minor events, it leads to temporary cheapness.
This is not a systemic issue, nor a long-term trend, but more of a volatility caused by short-term supply and demand.
When the demand is high, the premium comes up.
It's also a very normal fluctuation.
So I mentioned some time ago, don't convert all your CNY into U.
The structure of cash allocation is very important,
different pockets should hold different amounts of money, serving different functions and risks, combined together for greater stability.
