Core Viewpoint - The People's Bank of China has announced an increase in the central parity rate of the RMB against the USD, indicating a strengthening of the Chinese currency amid expectations of potential interest rate cuts by the Federal Reserve [1] Group 1: Currency Exchange Rates - The central parity rate of the RMB against the USD is set at 7.1161, an increase of 160 basis points from the previous day's rate of 7.1321, marking the highest level since November 2024 [1] - The onshore RMB closed at 7.1517 against the USD, rising by 288 points compared to the previous trading day [1] - As of 17:33 on August 25, the USD index is hovering below the 98 mark [1] Group 2: Market Expectations - Following remarks by Federal Reserve Chairman Jerome Powell at the Jackson Hole Global Central Bank Conference, there is an indication that the Fed may consider interest rate cuts in the coming months despite ongoing inflation risks [1] - Market expectations for a potential rate cut by the Federal Reserve have increased, leading analysts to believe that the RMB may appreciate further [1]
人民币大消息！市场预期美联储降息，分析人士：人民币有望升值
Sou Hu Cai Jing·2025-08-25 11:29