Core Viewpoint - The onshore Renminbi (RMB) has shown a slight appreciation against the US dollar, indicating a stable domestic economic environment and sensitivity to growth-promoting policies [1] Exchange Rate Summary - On October 28, the onshore RMB opened at 7.1070 against the US dollar, up from the previous day's close of 7.1109 [1] - The offshore RMB was reported at 7.10570 as of 9:40 AM [1] - The RMB central parity rate was set at 7.0856, an increase of 25 basis points from the previous day [1] Dollar Index Summary - The US dollar index fluctuated below the 99 mark, reported at 98.6871 as of 9:40 AM [1] Market Outlook Summary - Citic Securities anticipates that the domestic economic fundamentals will primarily support the RMB exchange rate, which remains sensitive to policies aimed at promoting growth [1] - If the RMB continues to appreciate, there may be a release of pent-up demand for foreign exchange settlements, further supporting the RMB [1] - The central bank has sufficient tools to stabilize the exchange rate, and its operations in 2026 are expected to be a significant factor influencing RMB exchange rate expectations [1]

中国外汇交易中心公布数据显示，10月24日当周三大人民币汇率指数全线上涨，CFETS人民币汇率指数 报97.55，按周涨0.47，创2025年4月以来新高。 截至最新发稿时间9时38分，在岸人民币对美元报7.1050，日内升值0.02%；离岸人民币对美元报 7.1056，日内升值0.04%。 北京商报讯（记者 岳品瑜 董晗萱）10月28日，中国人民银行授权中国外汇交易中心公布，当日银行间 外汇市场人民币汇率中间价为1美元对人民币7.0856元，相较前一交易日中间价7.0881元，调升25个基 点，续创2024年10月15日以来新高。 ...

（责任编辑：关婧） 中国经济网北京10月28日讯 今日，人民币对美元汇率中间价报7.0856，较前一交易日调升25个基 点。 中国人民银行授权中国外汇交易中心公布，2025年10月28日银行间外汇市场人民币汇率中间价为： 1美元对人民币7.0856元，1欧元对人民币8.2622元，100日元对人民币4.6459元，1港元对人民币0.91228 元，1英镑对人民币9.4611元，1澳大利亚元对人民币4.6510元，1新西兰元对人民币4.0992元，1新加坡 元对人民币5.4730元，1瑞士法郎对人民币8.9232元，1加拿大元对人民币5.0708元，人民币1元对1.1296 澳门元，人民币1元对0.59313马来西亚林吉特，人民币1元对11.1576俄罗斯卢布，人民币1元对2.4289南 非兰特，人民币1元对201.77韩元，人民币1元对0.51796阿联酋迪拉姆，人民币1元对0.52880沙特里亚 尔，人民币1元对47.0175匈牙利福林，人民币1元对0.51220波兰兹罗提，人民币1元对0.9039丹麦克朗， 人民币1元对1.3221瑞典克朗，人民币1元对1.4075挪威克朗，人民币1元对5.91500土耳 ...

Core Viewpoint - The recent strengthening of the Renminbi (RMB) against the US dollar is attributed to multiple factors, including expectations of US Federal Reserve interest rate cuts, positive domestic economic indicators, and progress in US-China trade negotiations [3][4][6]. Group 1: Currency Exchange Rates - As of October 27, the RMB to USD central parity rate is reported at 7.0881, marking an increase of 47 basis points from the previous day, the highest since October 15, 2024 [1]. - The RMB has appreciated approximately 1000 basis points year-to-date, with the onshore USD/RMB exchange rate down 2.56% and the offshore rate down 3.05% [1]. - The market anticipates that the USD/RMB exchange rate may "break 7" by the end of the year due to the accelerating pace of Fed rate cuts [1][6]. Group 2: Economic Factors Influencing RMB Strength - The recent rise in RMB value is supported by a 9% increase in export growth in September, the structural recovery of prices, and a stable economic foundation [3]. - Progress in US-China trade talks and the positive outlook from the 20th National Congress of the Communist Party of China have bolstered market confidence and the attractiveness of RMB-denominated assets [3][4]. - The Fed's expected rate cut of 25 basis points in October is likely to further weaken the USD, reducing external pressure on the RMB [4][6]. Group 3: Market Sentiment and Future Outlook - Analysts predict that the RMB will continue to operate in a strong position in the short term, with a focus on USD trends and RMB central parity adjustments [6]. - The RMB's potential to test the "7" threshold is supported by a weak USD environment and seasonal demand for currency exchange [7]. - The overall sentiment in the market is optimistic, with projections suggesting that the USD/RMB exchange rate could approach 7.0 by year-end under baseline scenarios [7][8].

中新网10月23日电 据中国外汇交易中心网站消息，中国人民银行授权中国外汇交易中心公布，2025年 10月23日银行间外汇市场人民币汇率中间价为：1美元对人民币7.0918，上调36个基点。 10月23日人民币对美元中间价报7.0918元 上调36个基点 编辑：付健青 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 中国外汇交易中心网站截图 来源：中国新闻网 ...

10月24日人民币对美元中间价报7.0928元 下调10个基点 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 中国外汇交易中心网站截图 来源：中国新闻网 编辑：付健青 中新网10月24日电 据中国外汇交易中心网站消息，中国人民银行授权中国外汇交易中心公布，2025年 10月24日银行间外汇市场人民币汇率中间价为：1美元对人民币7.0928，下调10个基点。 ...

SHMET 网讯：10月27日，人民币对美元中间价报7.0881，较上日调升47个基点，创2024年10月15 日以来最高。 今年以来，人民币中间价年内涨幅约1000个基点。 截至北京时间10月27日15点30分（下同）美元 兑人民币在岸汇率下跌2.56%，美元兑人民币离岸汇率下跌更明显，为3.05%。 市场普遍认为，随着美联储降息步伐加快，人民币汇率继续走强的概率加大，今年年底美元兑人民 币汇率或"破7"。 三因素共振，助推人民币汇率走强 东方金诚首席宏观分析师王青告诉记者，近期在美元指数震荡上行、全球汇市波动加大过程中，人 民币中间价向偏强方向调整力度有所加大。这或与年初以来国内经济走势偏强，美元大幅下跌，而人民 币对美元汇率尽管有所升值，但未能与之充分匹配有关。这意味当前稳汇率的重心正在向稳定CFETS等 一篮子人民币汇率指数转移。另外，当前外部环境波动有所加大，人民币汇率稳中有升，为我国外贸企 业提供有利的汇率环境。 中国民生银行首席经济学家温彬认为，近期人民币汇率走强，由多种因素联合促成。 一是9月出口增速创近六个月来新高，物价结构性回升，经济基本面对汇率平稳运行有支撑； 美联储降息步伐加快，美元会 ...

Group 1 - The core viewpoint of the article is that the Chinese yuan (RMB) is expected to strengthen against the US dollar, with predictions that the USD/RMB exchange rate may break the 7.0 mark by the end of the year due to various supportive factors [2][8][9]. - The RMB's recent appreciation is attributed to three main factors: a significant increase in export growth, progress in US-China trade negotiations, and anticipated interest rate cuts by the Federal Reserve [3][4]. - The RMB's mid-price has risen approximately 1000 basis points this year, reflecting a strong upward trend in the currency [2][5]. Group 2 - The article highlights that the RMB's strength is supported by a favorable domestic economic environment, including a structural recovery in prices and a stable economic outlook [4][11]. - Market sentiment has improved due to the ongoing US-China trade talks and the Chinese government's economic development plans, which enhance the attractiveness of RMB-denominated assets [4][11]. - The Federal Reserve is expected to cut interest rates, which would likely weaken the US dollar further, providing additional support for the RMB [5][10]. Group 3 - Analysts predict that the RMB will maintain a stable position against the USD, with a low likelihood of rapid appreciation or depreciation in the near term [8][9]. - The RMB's exchange rate is influenced by multiple factors, including seasonal demand for currency exchange and the central bank's intention to stabilize the currency [9][10]. - The overall market behavior is described as rational and orderly, indicating that the RMB is likely to remain within a reasonable range [5][6].

10月27日，人民币对美元中间价报7.0881，较上日调升47个基点，创2024年10月15日以来最高。 今年以来，人民币中间价年内涨幅约1000个基点。 截至北京时间10月27日15点30分（下同）美元兑人 民币在岸汇率下跌2.56%，美元兑人民币离岸汇率下跌更明显，为3.05%。 市场普遍认为，随着美联储降息步伐加快，人民币汇率继续走强的概率加大，今年年底美元兑人民币汇 率或"破7"。 三因素共振，助推人民币汇率走强 来源：21世纪经济报道 记者丨叶麦穗 编辑丨包芳鸣 美联储降息步伐加快，美元会进一步走弱，美元指数已经出现连续的下调，目前已经跌至99点之下，今 年以来美元指数已经下跌8.8%，最大跌幅一度达到11%，创下了自1973年以来的最差表现。 从年度走势来看，美元兑人民币整体走出一个单边下跌的形态。今年以来，以1美元兑7.27人民币开 局，随后美国连续暂停降息，美元曾呈现强势，离岸人民币的低点在今年4月8日产生，一度触及1美元 兑7.42879人民币，不过随后美联储降息的态势越来越明确，美元高位跳水，出现明显下跌，人民币走 强，9月17日离岸人民币"破7.1"，最低触及1美元兑7.08532人民币 ...

Core Viewpoint - The article discusses the recent strengthening of the Chinese yuan against the US dollar, attributing it to multiple factors including economic performance, trade negotiations, and anticipated interest rate cuts by the Federal Reserve [2][3][4]. Group 1: Factors Contributing to Yuan Strength - The yuan's middle rate has increased by approximately 1000 basis points this year, with the onshore and offshore dollar-to-yuan rates declining by 2.56% and 3.05% respectively [1][3]. - Key factors driving the yuan's appreciation include a significant rise in export growth in September, structural recovery in prices, and positive economic fundamentals supporting stable exchange rates [3][4]. - Progress in US-China trade negotiations and a favorable outlook from the 20th National Congress of the Communist Party have boosted market confidence and the attractiveness of yuan-denominated assets [3][4]. Group 2: Federal Reserve's Impact - The Federal Reserve is expected to cut interest rates by 25 basis points in October, with a high probability of further cuts by December, which is likely to weaken the US dollar [4][5]. - The dollar index has dropped below 99 points, marking an 8.8% decline this year, with the maximum drop reaching 11%, the worst performance since 1973 [4][5]. - The anticipated rate cuts by the Federal Reserve are seen as a significant factor in the yuan's recent strength, as they reduce external pressure on the yuan [4][5]. Group 3: Future Outlook - Analysts predict that the yuan will continue to operate in a strong position in the short term, with a focus on the dollar's performance and the central bank's management of the yuan's middle rate [8][9]. - The yuan may test the "7" level against the dollar, supported by a weak dollar environment and seasonal demand for currency exchange [9][10]. - The overall sentiment is that the yuan will maintain stability, with limited risks of rapid appreciation or depreciation, as domestic economic policies provide a solid foundation for the currency [9][10].