Core Viewpoint - The Chinese yuan has strengthened against the US dollar, reaching its highest level since October 15, 2024, with a central parity rate of 7.0833 on November 12, 2023, indicating a potential for continued strength in the short term [1][6]. Group 1: Currency Market Dynamics - The US dollar index has declined by 6.8% year-to-date, reflecting a challenging environment for the dollar amid expectations of economic data releases that could influence Federal Reserve policy [2][4]. - The recent passing of a temporary funding bill by the US Congress has ended a record 43-day government shutdown, which had cast a shadow over the US economic outlook [4]. - Analysts predict that the combination of a weakening dollar and a strong domestic economic performance in China will support the yuan's resilience [6][7]. Group 2: Economic Indicators and Predictions - The People's Bank of China (PBOC) aims to maintain a stable yuan exchange rate while implementing a moderately loose monetary policy to support economic growth [6][7]. - The PBOC's third-quarter monetary policy report emphasizes the need to prevent excessive fluctuations in the yuan and to keep it at a reasonable and balanced level [7]. - UBS Global Research expresses optimism about the Chinese stock market and the yuan, anticipating improved confidence and credit growth in emerging markets by 2026 [7].
人民币汇率稳中有升 美元走弱与政策托底共筑汇率韧性
Xin Hua Cai Jing·2025-11-13 02:50