离岸人民币对美元汇率升破7.1

Group 1 - The offshore RMB to USD exchange rate broke 7.1 for the first time since November 7, 2024, reaching a high of 7.0965 on September 17, with a 0.34% increase since the beginning of September [1] - The onshore RMB to USD exchange rate is also approaching the 7.1 mark, closing at 7.1056 on September 17, reflecting a 0.46% increase in September [1] - The appreciation of the RMB is attributed to market expectations of the Federal Reserve initiating a rate cut cycle, leading to a weaker USD and increased demand for RMB assets from foreign investors [1][3] Group 2 - China's economic fundamentals are a significant support for the RMB exchange rate, with macro policies being more proactive and the economy showing overall stability [2] - Despite external challenges, China's economy has maintained a steady and progressive development trend, supported by effective macro policies and the construction of a unified national market [2] - The chief macro analyst at Dongfang Jincheng noted that the recent rise in the RMB against the USD is driven by expectations of substantial Fed rate cuts and strong inflows of foreign capital into the domestic stock market [3]