It is very likely that the US dollar index will continue to rise sharply, and both the Canadian dollar and the RMB will depreciate against the US dollar. However, because the Canadian dollar is a commodity currency, it has a great impact on the Canadian economy in the context of the continuous sharp drop in oil prices, so the Canadian dollar is under great pressure to depreciate against the US dollar. Although the RMB will depreciate against the US dollar, due to China's trade surplus, the RMB will remain strong against a basket of currencies, and the adjustment and control of the exchange rate by the Bank of China will keep the RMB stable against the US dollar, so the market will not expect a large-scale flight of foreign exchange funds. Therefore, the RMB may fall against the US dollar, but it will remain strong against other currencies, as well as against the Canadian dollar.