Core Viewpoint - The article discusses the recent fluctuations in the RMB to USD exchange rate and highlights concerns regarding the structural changes in demand for USD assets as a safe haven, influenced by rising political risks and uncertainties in fiscal outlooks [1]. Exchange Rate Summary - On August 14, the onshore RMB opened at 7.1722 against the USD, up from the previous day's closing of 7.1755 [1] - As of 9:30 AM, the offshore RMB was reported at 7.1760 against the USD [1] - The RMB's central parity rate against the USD was set at 7.1337, an increase of 13 points from the previous trading day [1] Dollar Index and Economic Insights - The USD index showed a downward trend, reported at 97.6432 as of 9:30 AM [1] - Gabriela Chimienti, an economist at the Asian Development Bank, noted that changes in monetary policy expectations are the main drivers of short-term fluctuations in the USD [1] - There is a concerning structural shift indicating a weakening demand for USD assets as a safe haven, attributed to rising political risks and doubts about institutional independence [1] - If this trend continues, it may reduce global demand for USD assets, exerting downward pressure on the USD and potentially increasing long-term borrowing costs in the U.S. [1]
在岸人民币对美元开盘上涨 报7.1722
Sou Hu Cai Jing·2025-08-14 02:10