On June 9th, the RMB/USD exchange rate closed at 6.3899. The hawkish stance of the Bank of England's Chief Economist pushed the US Dollar Index down to the 90-point mark, benefiting the RMB. In comparison, the US economy is recovering more strongly than the UK, and the next focus of public opinion may shift to the US monetary policy tightening. Foreign exchange market experts believe that the misalignment of US and China's monetary policies may put pressure on the RMB exchange rate in the future. Today's May CPI showed a year-on-year increase of 1.3%, lower than expected, which has reduced expectations for the central bank to tighten monetary policy. From the perspective of the interest rate differential, it is unfavorable for the RMB. Meanwhile, the PPI rose 9% year-on-year, reaching the highest point since 2009, reflecting a significant increase in commodity prices, which will increase import payments and reduce trade surplus. The impact of related information may continue.