人民币汇率走强 对美元中间价年内涨逾千点

Core Insights - The recent adjustment of the RMB to USD exchange rate indicates a stronger trend, with the central parity rate reported at 7.0856 on October 28, marking a rise of 25 basis points from the previous trading day and the highest since October 15, 2024 [1] - The RMB has appreciated by 1023 basis points since the beginning of the year, reflecting a stronger domestic economic performance and a significant decline in the USD [1] - The CFETS RMB exchange rate index reached 97.55, the BIS currency basket index was at 103.64, and the SDR currency basket index was at 91.91, all hitting new highs since April [1] Group 1 - The onshore RMB against the USD closed at 7.1006, with a year-to-date increase of approximately 2.73%, while the offshore RMB reached a high of 7.0954, reflecting a year-to-date rise of about 3.26% [2] - Factors contributing to the RMB's strength include a weak USD environment, the central bank's stable exchange rate policies, and strong domestic equity market performance attracting foreign investment [2] - The outlook suggests that the RMB will continue to operate in a strong state, with a focus on the USD's movements and the central bank's control over the RMB's central parity [2] Group 2 - The domestic economic fundamentals are expected to provide a supportive role for the RMB exchange rate, with pent-up demand for currency conversion potentially being released as the RMB appreciates [3] - The central bank has sufficient tools to stabilize the exchange rate and is expected to adjust policy flexibly to mitigate unilateral market expectations regarding the exchange rate [3]