On October 30th, the central parity rate of the RMB was reported at 7.1390, down 107 basis points from the previous trading day's central parity rate of 7.1283.

Blackrock's CEO predicts that the Fed will cut interest rates again this year.

BlackRock CEO Larry Fink stated in a CEO gathering in Riyadh, Saudi Arabia on Tuesday evening (Beijing time on the 29th) that the Federal Reserve will not cut interest rates as expected by the market, because the "embedded inflation" is too high. Fink's massive fund manages over $10 trillion in assets. While other market participants widely predict the Fed to cut interest rates twice before the end of this year, Fink expects only one rate cut by the end of this year. Fink remarked during a group discussion at the annual flagship investment conference in Saudi Arabia, 'I think it's fair to say that the Fed will cut rates by at least 25 basis points, but, having said that, I do believe our embedded inflation is the highest in the world and more severe than ever before.' The Fed cut the benchmark interest rate by 50 basis points in September.

After the decrease in the number of job vacancies in the usa, traders increased their bets on the Fed cutting interest rates.

Interest rates futures traders increased bets on further Fed rate cuts on Tuesday, following a government report indicating a decrease in job vacancies last month, which could be a sign of further cooling in the labor market. Interest rate futures contracts show that traders are increasingly confident in the Fed cutting rates by 25 basis points at each of the next two meetings and further cuts next year, reducing the odds of a pause in rate cuts in November to around 2%.