Group 1 - In the first half of 2025, the RMB to USD exchange rate experienced a cumulative appreciation of over 1.82%, with a closing rate of 7.1656 on June 30 [1] - The lowest point of the RMB to USD exchange rate was 7.3506 on April 9, while the highest point was 7.1565 on June 26, resulting in a fluctuation range of 2.6% for the first half of the year [1] - The report from Industrial Bank Research indicates that the "Trump trade" affecting the USD exchange rate continued until January 2025, followed by a decrease in the USD to RMB central rate due to the lack of announced tariff measures [1] Group 2 - In June, the RMB to USD exchange rate appreciated by 0.4%, marking two consecutive months of strengthening [2] - The macro team at CITIC Securities noted that the RMB exchange rate exhibited characteristics of "low volatility and resilience" amid a weaker USD, with the USD to RMB exchange rate remaining stable within the 7.17-7.18 range [2] - The People's Bank of China emphasized the need to enhance the resilience of the foreign exchange market and stabilize market expectations, indicating a marginally more relaxed stance compared to the previous quarter [2] Group 3 - Looking ahead to the second half of 2025, the USD to RMB exchange rate is expected to show a fluctuating trend, with strong resistance/support levels at the previous high of 7.35 and the low of 7.00 from 2024 [3]
上半年人民币对美元即期汇率先跌后涨、升值1.82%,下半年如何走?
Sou Hu Cai Jing·2025-06-30 09:46