Core Viewpoint - The recent appreciation of the Renminbi (RMB) against the US dollar has sparked market interest, with bullish sentiment peaking. However, there is a divergence in market opinions regarding the future strength of the RMB, indicating that fluctuations in the exchange rate will likely become the norm [1] Summary by Relevant Sections - The current strengthening of the RMB can be traced back to mid-October, with an appreciation of nearly 1.7% against the US dollar to date [1] - Factors contributing to the recent RMB strength include the Federal Reserve's interest rate cuts leading to a weaker US dollar index and increasing year-end settlement demand, which are seen as short-term and seasonal influences [1] - There is caution against assuming that the RMB will enter a sustained unilateral appreciation phase, as significant uncertainty remains regarding its future exchange rate movements [1]
时报观察：汇率没有单边走势 双向波动是常态
Xin Lang Cai Jing·2025-12-28 23:33