Group 1 - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to 3.5% to 3.75%, marking the third rate cut of the year [1] - The onshore RMB reached a peak of 7.0550 against the USD, indicating a potential shift in the currency's trend [1] - The Chief Economist of China International Capital Corporation, Guan Tao, noted that various positive factors are accumulating, suggesting that the RMB may have exited its previous one-sided downward trend [1] Group 2 - Guan Tao stated that there is currently no significant imbalance in the RMB exchange rate from both theoretical and market perspectives [1] - Factors influencing the RMB's appreciation and depreciation are present simultaneously, with the prevailing factors determining the currency's movement [1] - Under the influence of positive factors, there is a possibility for the RMB to break the 7 level against the USD, although its stability at that level remains uncertain [1]
中银证券全球首席经济学家管涛:利多因素主导下人民币对美元有概率破7