人民币对美元汇率逼近7.1关口 中间价连续两日调升

Core Viewpoint - The recent appreciation of the Renminbi (RMB) against the US dollar is influenced by expectations of potential interest rate cuts by the Federal Reserve and strong inflows of foreign capital into the domestic stock market [1][3]. Group 1: Exchange Rate Movements - In August, the onshore and offshore RMB appreciated by 0.83% and 1.21% against the US dollar, respectively [1]. - As of September 17, the onshore RMB reached a high of 7.1080 and the offshore RMB peaked at 7.1003 [1]. Group 2: Market Analysis - The anticipated Federal Reserve interest rate decision is contributing to a decline in the US dollar index, which is providing upward momentum for non-USD currencies, including the RMB [3]. - The strong performance of the domestic stock market is attracting foreign investment, increasing demand for currency exchange and improving market sentiment [3]. Group 3: Future Outlook - If the Federal Reserve resumes interest rate cuts and the impact of US government tariffs on the economy becomes more pronounced, the US dollar index may face further downward pressure, making it easier for non-USD currencies to appreciate [3]. - The domestic economic policies aimed at stabilizing economic performance will provide essential support for the RMB exchange rate, which is expected to maintain a stable trajectory with limited risk of rapid appreciation or depreciation [3].