摩根士丹利：预计到2026年底 人民币对美元的升值幅度将相对温和 可能达到7.05

Group 1 - Morgan Stanley expects a relatively moderate appreciation of the Chinese yuan against the US dollar, potentially reaching 7.05 by the end of 2026 [1] - The MSCI China Index has risen, with an increase of 20% from its low in April, indicating a strengthening bullish trend in the Chinese stock market [1] - Investors are increasingly focused on new technologies and business models in the Chinese market, particularly in new consumption themes and AI/technology-related sectors [1] Group 2 - Morgan Stanley has shifted its view on the yuan from depreciation to appreciation, reflecting expectations of a weaker US dollar, with the dollar index potentially falling to 89 by the end of 2026 [1] - The euro is also expected to appreciate against the dollar by more than 10% [1] - There is growing recognition among investors of China's capabilities in global technology competition, particularly in AI, electric vehicles, batteries, and humanoid robots [1]