人民币对美元中间价年内涨幅超1500基点 专家：汇率双向波动是常态

Group 1 - The core viewpoint of the articles highlights the recent strengthening of the Chinese yuan against the US dollar, with an increase of over 1500 basis points this year, reaching its highest level since September 2024 [1] - Experts suggest that the long-term trend of the yuan's exchange rate is fundamentally driven by economic conditions, while short-term fluctuations are influenced by various factors including economic growth, monetary policy, and geopolitical events [1] - The recent appreciation of the yuan is attributed to a shift in the US dollar environment, particularly following the Federal Reserve's decision to lower interest rates, which is expected to suppress the dollar's long-term outlook and provide external support for the yuan [1] Group 2 - There is a cautionary note regarding the future trajectory of the yuan, emphasizing the need for a rational perspective as the Federal Reserve faces challenges in balancing inflation and employment, which may limit further rate cuts [2] - The People's Bank of China has emphasized the importance of enhancing the resilience of the foreign exchange market and maintaining stability in the yuan's exchange rate, aiming to prevent excessive fluctuations [2] - Experts believe that China's regulatory authorities have gained valuable experience in managing external shocks and possess sufficient policy tools to ensure the stability of the foreign exchange market [2]