Core Viewpoint - The Chinese yuan has appreciated against the US dollar, reaching a 15-month high, driven by positive domestic economic conditions and external factors such as the US Federal Reserve's interest rate policies [1][3]. Group 1: Currency Exchange Rate Trends - The People's Bank of China raised the yuan's midpoint against the US dollar by 52 basis points to 7.0471, marking a significant increase [1]. - As of December 24, the onshore yuan broke the 7.02 mark, while the offshore yuan surpassed 7.01, with year-to-date increases of over 3.8% and 4.4% respectively [3]. Group 2: Economic Factors Supporting Yuan Strength - The overall stability and improvement in China's foreign trade, despite a complex international environment, provide solid support for the yuan's appreciation [5]. - The accumulation of pending foreign exchange settlements by enterprises, coupled with year-end behaviors, has contributed to the rapid appreciation of the yuan [5]. Group 3: Investor Confidence and Future Outlook - The recent strength of the yuan reflects growing confidence among domestic and foreign investors in the Chinese economy and market, particularly due to advancements in technology [7]. - Analysts suggest that the resilience of the Chinese economy, ongoing technological progress, and the US's continued interest rate cuts may allow for further appreciation of the yuan [7].
经济向好筑底气 汇率走强显信心 外汇市场行稳致远
Yang Shi Wang·2025-12-25 02:42