Market Overview - The recent market adjustment is viewed as a monthly correction within an ongoing upward trend, rather than an end to the current market rally [5][9] - Bitcoin has stabilized, rebounding 10% from its lowest point, serving as an indicator of market sentiment and risk appetite [6][7] Currency Analysis - The RMB/USD exchange rate has reached 7.08, marking a new high in over a year, with the RMB appreciating nearly 3% against the USD this year [10] - The decline of the USD index by 7.51% this year, with a maximum drawdown of 12.67%, is a factor in the RMB's appreciation, which is managed to support exports [11][12] - There is a divergence in the market regarding when exporters, who have been holding onto USD, will begin to convert their earnings back to RMB, although there are currently no signs of a rush to convert [14] Year-End Market Dynamics - As the year-end approaches, market behavior may become more complex due to various motivations, such as year-end ranking and profit-taking strategies [15] - The focus should remain on fundamental principles, including actual performance, growth, and valuation, rather than mere fluctuations in market prices [15]
市场企稳，一些值得关注的数据
Sou Hu Cai Jing·2025-11-27 05:40