According to the report by Foreign Currency Exchange Center of China, on Feb.25, 2008, the middle price of RMB against USD surged to a new height: 7.1460:1. 

Recently, price of crude oil in the international market rose over USD100 per barrel, which, as generally believed, will further weaken U.S. economy. In addition, the FED (Federal Reserve) implied another interest cut. All these factors would lead to a further depreciation of USD, and consequently a continuous rise of RMB against USD.