The attractiveness of foreign investors to invest in RMB assets will be lower when the RMB is weak, because the return of financial assets denominated in RMB will be lower. The change of RMB exchange rate will have an impact on the international crude oil price. The devaluation of RMB will promote the rise of the international crude oil price through pricing and investment channels, that is, the change of RMB exchange rate has a negative correlation with the international crude oil price<br>
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