Report Title - "图说金融(20251204):不宜过度押注人民币单边升值行情" [1] Core View - It is not advisable to overly bet on the unilateral appreciation of the RMB [1] Key Points - In the past three trading days, the central bank set the central parity rate of the RMB against the US dollar at 7.0794, 7.0754, and 7.0733, consistently above the spot exchange - rate market price, and the adjustment intensity of the counter - cyclical factor (in the depreciation direction) increased continuously. The spread between the two widened from - 18bps on November 28th to - 164bps on December 4th [2] - This signal may indicate that the central bank is releasing signals of "stabilizing the exchange rate" and guiding two - way exchange - rate fluctuations. Attention should be paid to the continuation of the adjustment direction and intensity of the central bank's counter - cyclical factor in the future [2]
图说金融：不宜过度押注人民币单边升值行情
Zhong Xin Qi Huo·2025-12-04 06:48