Core Viewpoint - The Chinese yuan continues to strengthen, reaching its highest level in over a year against the US dollar, with both onshore and offshore rates surpassing 7.05 [2][4]. Group 1: Current Exchange Rates - On December 15, the onshore yuan exchange rate against the US dollar rose to 7.05, marking the strongest level since October 8, 2024 [2]. - The offshore yuan also broke the 7.05 mark, reaching a new high since October 3, 2024, with a rate of 7.04691 [4]. - The People's Bank of China announced the central parity rate for the yuan at 7.0656 against the US dollar, a depreciation of 18 basis points from the previous trading day [6]. Group 2: Market Impact and Predictions - Analysts believe that a strong yuan will boost confidence in the capital markets and attract more foreign investment into domestic markets, creating a positive feedback loop [7]. - Short-term forecasts suggest the yuan will remain strong, with attention on the US dollar's performance, the central bank's control over the yuan's midpoint rate, and domestic growth policies [7]. - Foreign institutions predict continued appreciation of the yuan, with estimates suggesting it could reach 6.95 by the end of 2026 according to ANZ, and 6.7 by Deutsche Bank by the end of 2026, further strengthening to 6.5 by the end of 2027 [8].
人民币大涨,逾一年来新高
中国基金报·2025-12-15 04:41