人民币对美元汇率升破6.84

Core Viewpoint - The offshore and onshore RMB against the USD have both surpassed 6.84, reaching a new high since April 2023, driven by a weakening USD and improving Sino-US economic relations [1][1]. Exchange Rate Summary - On February 26, the RMB to USD central parity rate was reported at 6.9228, an increase of 93 basis points from the previous day's rate of 6.9321 [1]. - Since the beginning of the year, the RMB to USD central parity rate has cumulatively increased by approximately 1000 basis points [1]. Economic Factors - Analysts attribute the recent RMB appreciation to the continuous weakening of the USD, with external factors such as the stabilization of Sino-US trade relations playing a significant role [1][1]. - The recent pressure on the USD is also linked to challenges faced by the Federal Reserve, which has contributed to the appreciation of non-USD currencies, including the RMB [1]. Market Dynamics - There has been a notable increase in demand for foreign exchange settlements due to high export growth, with banks reporting a surplus of USD 79.8 billion in foreign exchange settlements in January 2026 [1]. - The sentiment in the foreign exchange market has been positive, with the offshore RMB leading the appreciation trend, contributing to the RMB's strong performance [1]. Future Outlook - Analysts predict that while the RMB exchange rate may exhibit a more balanced trend in 2026, a slight appreciation is still expected throughout the year [1].