人民币 2024年10月15日以来最高

Core Viewpoint - The recent strengthening of the Renminbi (RMB) against the US dollar signals a stable expectation in the currency market, with the RMB middle rate reaching its highest level since October 15, 2024, at 7.0881 on October 27, 2025 [1] Group 1: RMB Exchange Rate Trends - The RMB middle rate has shown a continuous upward trend, supported by a favorable external environment and strong domestic economic performance [1][2] - As of October 27, the onshore RMB opened at 7.1083 against the US dollar, reflecting an increase of over 100 points, and stabilized around 7.11 [1] - The CFETS RMB exchange rate index rose to 97.6, marking a 0.5% weekly increase, the highest level since April 2025 [2] Group 2: External Factors Influencing RMB - The US dollar index has decreased by 8.82% year-to-date, despite a recent slight rebound, primarily due to the weakness of non-US currencies like the Japanese yen [2][3] - Analysts expect the US dollar to maintain a weak trend in the long term due to anticipated Federal Reserve interest rate cuts and concerns over the US fiscal outlook [2][3] Group 3: Domestic Economic Support - The domestic economic fundamentals are expected to provide a supportive role for the RMB exchange rate, with a high sensitivity to growth-promoting policies [3] - The People's Bank of China has sufficient policy tools to stabilize the exchange rate, indicating a flexible adjustment approach to mitigate unilateral market expectations [3]