深夜，人民币大涨，美联储释放降息信号

Core Viewpoint - The offshore RMB to USD exchange rate surged significantly, reaching a high of 7.1182, marking the first time since November 6, 2024, that it has surpassed 7.12, driven by a combination of stable exchange rate policies, strong domestic equity market performance attracting foreign investment, and rising expectations for interest rate cuts by the Federal Reserve [1][1][1] Group 1 - The offshore RMB appreciated over 340 points in a single day, indicating strong market momentum [1] - Analysts attribute the RMB's performance to a balanced approach in exchange rate policy and favorable conditions in the domestic equity market [1][1] - The Federal Reserve's dovish signals have heightened expectations for interest rate cuts, with officials indicating a potential 25 basis point cut in September [1][1][1] Group 2 - Market attention is focused on two key upcoming data releases: the core Personal Consumption Expenditures (PCE) price index and the non-farm payroll report [1][1] - Deutsche Bank's chief economist suggests that the Fed is likely to adopt a gradual approach to rate cuts, depending on economic data performance [1][1][1]