人民币汇率，破7！

Core Viewpoint - The recent appreciation of the Renminbi (RMB) against the US dollar is attributed to a combination of external pressures easing, internal resilience strengthening, precise policy adjustments, and a shift in market expectations [3]. Group 1: Factors Influencing RMB Appreciation - The direct driving force behind the current RMB appreciation is the changing environment of the US dollar, with market expectations that continued interest rate cuts by the Federal Reserve will suppress the long-term outlook for the dollar, providing external appreciation space for the RMB [4]. - Near the end of the year, increased demand for foreign exchange settlement by enterprises is contributing to the seasonal strengthening of the RMB, particularly as previous accumulated settlement demand may accelerate release following the recent RMB strength [4]. - The continuous appreciation of the RMB is expected to enhance the attractiveness of the domestic capital market to foreign capital, directly increasing foreign exchange earnings for investors [4]. Group 2: Future Outlook on RMB Exchange Rate - Experts predict that the RMB exchange rate will fluctuate around the 7 yuan mark, with a stable yet slightly strong operation expected, and the likelihood of rapid one-sided trends is low [4]. - The future decoupling of the RMB exchange rate from the US dollar index is anticipated to become a norm, with the RMB breaking the 7 yuan mark supported by both fundamental and policy factors [4]. - Looking ahead to 2026, the RMB is expected to maintain a moderate appreciation, influenced by a potentially weak US dollar index and a balanced approach to exchange rate policy by the central bank [5].