As the US dollar index continued to rise and hit a new high since 2002, non US currencies fell in general, and the exchange rate of RMB against the US dollar fell below 6.91 and 6.93 in the onshore and offshore markets respectively< Br > < div class = "height" > < / div > on August 29, after opening at 6.8990, the spot exchange rate of RMB against the US dollar quickly fell below the 6.90 and 6.91 levels, and fell to 6.9175 as of the time of issue, which was more than 500 basis points lower than the previous trading day< img alt="" style="width:600px;" src=" https://imagecloud.thepaper.cn/thepaper/image/213/222/932.jpg "> since the beginning of this year, the spot exchange rate of RMB against the US dollar has dropped by more than 8.4%. < br > < div class =" height "> < / div > the offshore RMB against the US dollar exchange rate, which more reflects the expectations of international investors, fell below the 6.93 level on August 29, and the lowest intraday rate was 6.9318. < img ALT =" "style =" width: 600px; " src=" https://imagecloud.thepaper.cn/thepaper/image/213/222/933.jpg "> since the beginning of this year, the exchange rate of offshore RMB against the US dollar has dropped by 8.8%. < br > < div class =" height "> < / div > on August 29, the data of China foreign exchange trading center showed that the central parity rate of RMB against the US dollar was 6.8698, 212 basis points lower, and the lowest since August 28, 2020. Since this year, the central parity rate of RMB against the US dollar has dropped by 7.75%. < br > < div class =" height " "> < / div > on August 29, the US dollar index continued to rise, breaking 109.40 during the session, setting a 20-year high. Since the beginning of this year, the US dollar index has risen by more than 13.8%. < br > < div class =" height "> < / div > us Federal Reserve Chairman Powell released the hawkish signal again in his annual speech at the Jackson Hole Symposium last Friday. He once again expressed the determination of the Federal Reserve to reduce the inflation level, and also stated that it would still” substantially increase interest rates. ” 。