Let's talk about the depreciation of the U.
Actually, most of the time, the trend of U still follows the US dollar.
(The US dollar hasn't really dropped much)
However, there are times when it deviates,
because U is more "free" than the US dollar, without central bank backing, so it can temporarily diverge with supply and demand.
A bit more expensive, a bit cheaper, it's all quite normal.
Recently, U has dropped below 7. Essentially, I think it's just one thing,
there are more people selling U in the market, and the demand for cash out has increased.
Adding some emotions and small events can lead to temporary cheapness.
This is not a systemic problem, nor a long-term trend; it's more of a fluctuation caused by short-term supply and demand.
When the demand is high, the premium comes up.
It's also a very normal fluctuation.
Binance Exchange:
https://www.binance.com/zh-CN/join?ref=R217YGVK
Binance Web3 Wallet:
https://web3.binance.com/referral?ref=VIP19
So I mentioned not to exchange all your CNY for U.
The structure of cash allocation is very important,
different pockets for different money, with different functions and risks, combined for more stability.
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