Yesterday, cross-border brokers were heavily fined, and many people are concerned about the future trend of the RMB exchange rate. When all channels for RMB inflow and outflow are blocked, essentially, the liquidity of this currency decreases. At this point, if the market maker is very dominant, then the K-line can be drawn however they want. Here’s the RMB to USD exchange rate from 1949 to now. Take a look and see if this is the case: