The renminbi continues to rise at the highest level, the United States once again postpones the release of the exchange rate report

The U.S. once again postponed the release of the exchange rate report. According to the explanation of the U.S. Treasury Department, the reason for the postponement of the Exchange Rate Report this time is mainly because 'the United States will hold a series of excellent meetings with relevant parties in the near future. This includes the meeting of finance ministers and central bank governors of the Group of Twenty (G), the spring meeting of the International Monetary Fund and the World Bank held this month, and the third round of the China-US Strategic and Economic Dialogue held this month. In fact, this is not the first time the U.S. Treasury Department has postponed the publication of the Exchange Rate Report. According to relevant US laws and regulations, the US Treasury Department must submit a report on the international economy and exchange rate policy to Congress every month, usually in each month and month. As far as the last two times are concerned, it has been delayed without exception. For example, the report that was originally scheduled to be released last month was postponed to the month of this year; the report that was supposed to be released on the month of last year was also postponed for nearly a month. It was not until the month of last year that the U.S. Treasury Department officially submitted it to Congress. Reports at the time all stated that none of the major trading partners of the United States, including China, had manipulated the exchange rate. The reason for the postponement is not difficult to understand. As the industry generally believes, the important role of the 'Exchange Rate Report' is to 'focus on the appreciation of the renminbi'Exchange rate war' and hope to discuss the RMB issue through economic diplomacy. In this context, postponing the 'Exchange Rate Report' and playing a game with China becomes the best choice. The 'Times of India' report yesterday pointed out that the United States can be said to be both soft and hard on the issue of the RMB exchange rate, 'carrots and sticks go back and forth.' Industry insiders predict that in the next period, especially between the aforementioned G Finance Ministers and Central Bank Governors, the RMB exchange rate is likely to become the focus of China's game again.