人民币走强！专家：双向波动仍是趋势

Core Viewpoint - The Chinese yuan has been appreciating against the US dollar since 2026, with both onshore and offshore yuan breaking the 6.9 yuan mark before the Spring Festival, indicating a trend of strengthening supported by various factors [1][3]. Group 1: Exchange Rate Trends - The offshore yuan appreciated by 0.06% against the US dollar during the Spring Festival holiday from February 16 to 20 [3]. - The recent rise in the yuan's exchange rate is significantly driven by increased corporate demand for currency settlement, particularly at the end of the year [3]. - The foreign exchange reserves increased by $41.2 billion from the end of December 2025 to the end of January 2026, indicating a strengthening of market confidence in cross-border capital flow stability [3]. Group 2: Expert Predictions - Experts predict that the yuan will likely continue to exhibit a pattern of mild appreciation and two-way fluctuations throughout the year [5]. - The first quarter of 2026 is expected to see sustained growth in exports, with corporate settlement demand likely to continue releasing [5]. - The yuan's exchange rate is projected to fluctuate between 6.8 and 7.1 yuan against the US dollar, reflecting a stable upward trend amid manageable external risks [5].