人民币对美元即期汇率升破“7”，今年已累计升值4%

Group 1 - The core viewpoint is that the Chinese yuan has recently appreciated against the US dollar, breaking the "7" threshold in both offshore and onshore markets for the first time since October 2024 [1][2] - As of December 30, the onshore yuan's exchange rate against the US dollar has strengthened, marking a cumulative appreciation of 4% for the year, with a notable acceleration in appreciation since late November [1] - The offshore yuan also broke the "7" mark on December 25, indicating a recovery of this key level for the first time since October of the previous year [1] Group 2 - According to Wenkang Securities, the trend of yuan appreciation is expected to continue, but it will be gradual rather than rapid [2] - The narrowing of the interest rate differential between China and the US is anticipated to support the yuan's appreciation, driven by ongoing loose monetary policy in China and the potential for further rate cuts by the Federal Reserve [2] - China's trade surplus is also expected to contribute to the appreciation of the yuan in the external environment [2]