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Iranian Foreign Minister Araqchi: The United States has clearly shown malice and a lack of seriousness in its diplomacy.On April 20th, it was reported that the RMB continued to appreciate in early 2026, with both onshore and offshore exchange rates reaching new highs since March 2023. Xiang Songzuo, Dean of the Shenzhen Greater Bay Area Financial Research Institute, stated in a recent interview that short-term exchange rate fluctuations are mainly influenced by market speculation, while long-term fluctuations may be related to the real economy. He believes that the exchange rate is an anchor for an economic system, and the ideal state is a fixed exchange rate. Furthermore, he shared his insights on the credibility of the US dollar and the internationalization of the RMB, pointing out that the dollars hegemony lies in the comprehensive national strength of the United States, and the internationalization of the RMB requires the promotion of financial market opening.Commander of Ukrainian drone forces: We attacked the Tuapse oil refinery in Russia.April 20th - The 6th China International Consumer Products Expo (CIFIT) will be held in Hainan from April 13th to 18th, 2026. According to statistics from Haikou Customs, during the CIFIT, Haikou Customs supervised 470 million yuan in duty-free shopping, with 85,000 shoppers and 403,000 items purchased, indicating a continued surge in consumer enthusiasm. Moving forward, Haikou Customs will further leverage the synergistic effect of the "exhibition + duty-free" model, iterate on the "smart supervision + optimized service" mechanism, deepen innovation in duty-free supervision, and further upgrade the convenience of duty-free sales and the entire offshore duty-free supply chain.Groupcore Technology (00068.HK) continued to rise in the afternoon, currently up more than 80%.

Forex

Volatility subsides around 101.80 as focus shifts to US S&P PMI in US Dollar Index Price Analysis

The US Dollar Index is in the green in advance of provisional US S&P PMI data. Thursday's market behavior was erratic after the publication of the eleventh consecutive report of higher-than-anticipated unemployment claims. The Fed's decision to increase interest rates has led to persistently deteriorating labor market conditions.