人民币 狂拉！涨超1000个基点！

Group 1 - The Chinese yuan continues to strengthen, with both onshore and offshore rates breaking through 7.08 against the US dollar, reaching 7.07499 for offshore yuan [1] - The People's Bank of China reported a mid-point exchange rate of 7.0796 for the yuan against the dollar, an increase of 30 basis points from the previous trading day, with a year-to-date increase of over 1000 basis points [1] - Analysts from CITIC Futures noted that the threat of additional tariffs from Trump has created short-term depreciation pressure on the yuan, but the central bank is signaling stability through the mid-point rate [1] Group 2 - Looking ahead to 2026, CITIC Securities' chief economist predicts a moderate appreciation of the yuan, supported by a favorable external environment due to potential continued rate cuts by the Federal Reserve and the impact of tariff policies on the US economy [2] - Domestic economic fundamentals are expected to provide a stabilizing effect on the yuan, with a high sensitivity to growth-promoting policies, and pent-up demand for currency exchange may be released as the yuan appreciates [2] - The central bank has sufficient tools to stabilize the exchange rate and is expected to flexibly adjust policy measures to mitigate unilateral expectations regarding the yuan's value [2]