Core Viewpoint - The Chinese yuan (RMB) against the US dollar has experienced a "three consecutive increases," reaching a new high since October 2024, with the central parity rate set at 7.0949 on October 17, 2023, reflecting an increase of 19 basis points from the previous trading day [1] Group 1: Exchange Rate Movements - The RMB/USD central parity rate has risen over 900 basis points this year [1] - The recent increase in the RMB exchange rate is attributed to a decline in overnight US dollar interest rates [1] - The RMB has strengthened against the backdrop of a fluctuating US dollar index and increased volatility in global foreign exchange markets [1] Group 2: Economic Insights - The People's Bank of China (PBOC) indicates that the macroeconomic fundamentals are stable, and the international balance of payments is expected to maintain a self-balanced state [1] - The PBOC emphasizes the importance of market forces in the determination of exchange rates while maintaining flexibility and guiding expectations to prevent excessive fluctuations [1]
人民币对美元汇率中间价“三连涨” 创近一年新高
Zhong Guo Xin Wen Wang·2025-10-17 13:43