Group 1 - The core viewpoint of the article highlights the recent strengthening of the Renminbi (RMB) against the US dollar, driven by a weakening US dollar index and expectations of interest rate cuts by the Federal Reserve [1][2] - The offshore RMB/USD exchange rate recently broke above 7.12, with the spot exchange rate strengthening and the RMB central parity rate reaching a nearly 10-month high [1] - Factors supporting the RMB's strength include seasonal demand for foreign exchange due to corporate dividend payouts, but actual market conditions show a stable exchange rate and an increase in the settlement rate in July [1][2] Group 2 - The article notes that international capital is increasingly diversifying away from US dollar assets, with a significant shift towards RMB assets, which is expected to positively impact both the securities and foreign exchange markets [2] - Forward exchange rates indicate market expectations for a continued strengthening of the RMB against the US dollar until the end of the year, reflecting a positive outlook [2] - The central bank's consistent exchange rate policy, which emphasizes market determination and a bottom-line thinking approach, suggests that the RMB/USD exchange rate is likely to maintain a strong trend in the near future [2]
时报观察｜多重因素支撑 年内人民币兑美元汇率有望走强
证券时报·2025-09-01 00:22