The US dollar index has been on a tear in the foreign exchange market recently. In the past half a month, the US dollar index has been on a tear, rising above the 104, 105 and 106 levels one after another, and has risen by more than 2.5% since November. Against external headwinds, the previously strong RMB has recently fallen slightly. However, market participants have observed that the RMB foreign exchange market is continuing to show positive signs. With the advent of the end of the year, the short-term depreciation pressure of the RMB may come to an end.