Core Viewpoint - The onshore RMB against the USD opened lower at 7.0670, while the offshore RMB was at 7.0624, indicating a slight depreciation of the RMB against the USD [1] Group 1: Exchange Rate Movements - The RMB/USD central parity rate was adjusted up by 21 basis points to 7.0733 [1] - The USD index stood at 98.9553 as of 9:30 AM [1] Group 2: Future Outlook - The future trend of the USD/RMB exchange rate is expected to be characterized by a depreciation trend (appreciation of RMB against USD) along with volatility risks [1] - Factors supporting the previous strong appreciation of the RMB, such as expectations of Fed rate cuts, stable Chinese economic fundamentals, and seasonal settlement demand, are likely to continue providing upward momentum for the RMB exchange rate in the short term [1] Group 3: Risks and Uncertainties - Potential risks include the possibility of a change in the Fed's policy path if US economic data improves unexpectedly, which could temper rate cut expectations and lead to a rebound in the USD [1] - The global economic environment remains complex and variable, with geopolitical risks and trade frictions potentially impacting market sentiment [1] - Technically, the rapid appreciation of the RMB in the short term has accumulated some correction pressure [1]
在岸人民币对美元开盘走低 报7.0670
Sou Hu Cai Jing·2025-12-04 02:08