人民币“破7”预期升温，岁末结汇潮涌动

Core Viewpoint - The article discusses the increasing demand for foreign exchange settlement among foreign trade enterprises as the year ends, driven by expectations of RMB appreciation, which creates a positive feedback loop for the RMB exchange rate [1] Group 1: Foreign Exchange Settlement - As the year-end approaches, foreign trade enterprises are accelerating the settlement of accumulated foreign exchange funds due to enhanced expectations of RMB appreciation [1] - The rise in settlement scale increases the supply of foreign exchange in the market, reinforcing demand for the RMB and strengthening its exchange rate [1] Group 2: Market Outlook - The CITIC Securities Mingming team predicts a continued weak trend for the US dollar index into 2026, influenced by narrowing interest rate differentials between the US and Japan/Europe, as well as US fiscal policy impacts [1] - The People's Bank of China's balanced exchange rate policy is expected to enhance the resilience of the RMB, with potential for the exchange rate to break the "7" mark if domestic policies effectively stimulate economic recovery [1] Group 3: Financial Strategy for Enterprises - Institutions suggest that enterprises should adopt a "risk-neutral" financial philosophy, planning ahead and scientifically hedging to minimize risks associated with exchange rate fluctuations [1]