离岸人民币兑美元升破7.06 创逾一年来新高

Group 1 - The unexpected decline in US ADP employment data has led investors to believe that the Federal Reserve will likely cut interest rates next week, causing the US dollar index to continue its downward trend [1] - In the Asian trading session, the onshore RMB reached a high of 7.0616 against the US dollar, the highest since October 10 of last year, while the offshore RMB also broke the 7.06 mark, marking a new high in over a year [1] - The US private sector lost 32,000 jobs in November, the largest decline since March 2023, significantly below the market expectation of an increase of 10,000 jobs [1] Group 2 - The People's Bank of China emphasizes the need to improve the RMB exchange rate formation mechanism, advocating for market determination of exchange rates and maintaining flexibility to support macroeconomic stability [3] - Chief economist at Minsheng Bank, Wen Bin, suggests that the dollar index may experience fluctuations in December, but overall, the impact on the RMB exchange rate will be limited, with expectations for stability and slight strength [3] - Bank of China Securities' chief economist, Guan Tao, notes that the financial market in China has withstood external shocks this year, leading to a "dual rise" in stocks and currency, with optimism about the RMB's future exchange rate trends [4]