深夜！人民币大涨！美联储降息大消息！

Core Viewpoint - The offshore RMB surged against the USD, reaching a high of 7.1182, the first time breaking 7.12 since November 6, 2024, driven by stable exchange rate policies, strong domestic equity market performance, and rising expectations for Fed rate cuts [2][3][4]. Group 1: RMB Exchange Rate Movement - On August 28, the offshore RMB/USD exchange rate rose sharply, with a daily increase of over 340 points, peaking at 7.1182 [2][3]. - As of August 29, the offshore RMB was reported at 7.12045, up 320 points from the previous New York close, trading within a range of 7.1551 to 7.1182 [3]. Group 2: Factors Supporting RMB Strength - Analysts attribute the RMB's strength to a balanced exchange rate policy, good performance in domestic equity markets attracting foreign capital, and expectations of Fed rate cuts [4][5]. - If the Fed proceeds with rate cuts, it may weaken the USD, further alleviating external pressures on the RMB and potentially benefiting capital inflows into Chinese securities [4]. Group 3: Fed Rate Cut Expectations - Fed Governor Waller expressed support for a 25 basis point rate cut in September, with further cuts expected in the next 3-6 months, influenced by economic data [6][7]. - Market expectations for a 25 basis point cut in September have risen to 89%, with a cumulative cut of 55 basis points anticipated by year-end [7].