人民币，大涨

Core Viewpoint - The offshore RMB against the USD experienced a significant rise, reaching a peak of 7.1182, marking the first time since November 6, 2024, that it surpassed 7.12, driven by various supportive factors including stable exchange rate policies and foreign capital inflow [1][2][4]. Group 1 - On August 28, the offshore RMB surged over 340 points during the day, with a maximum increase of 314 points, indicating strong market performance [1][2]. - As of August 29, the offshore RMB was reported at 7.12045, reflecting a gain of 320 points compared to the previous New York close, with trading occurring between 7.1551 and 7.1182 [4]. - The FTSE China A50 index futures and Hang Seng index futures showed upward trends, increasing approximately 0.32% and 0.79% respectively [4]. Group 2 - Analysts suggest that the recent rise in the RMB is supported by a balanced exchange rate policy, strong domestic equity market performance attracting foreign investment, and expectations of a Federal Reserve rate cut [4][5]. - It is anticipated that the RMB settlement scale may expand around the time of the expected Federal Reserve rate cut in September, with a potential return to the "6" level for the RMB if the central bank maintains a market-based adjustment policy [5]. - Economic factors such as the implementation of domestic growth policies and progress in US-China trade negotiations are critical for the RMB's resilience, with potential for greater support if a mutually beneficial outcome is reached in the fourth quarter [5].