Group 1 - The U.S. Treasury Secretary, Bessent, expressed approval of the RMB to USD exchange rate, noting that the RMB has strengthened against the USD this year, increasing by approximately 3% [1][3] - Bessent highlighted that the RMB is at a historical low against the Euro, which poses a problem for Europe, as the RMB has depreciated about 10% against the Euro [1][3] - Recent data indicates that the RMB to Euro exchange rate has reached a historical low of over 8.4, compared to 7.5 at the beginning of 2025, which may boost China's exports to Europe and increase the EU's trade deficit with China [1][3] Group 2 - The Chinese government maintains that the RMB exchange rate has remained stable at a reasonable level, with the RMB index against a basket of currencies operating around 100 since 2020, indicating no competitive devaluation [3] - As of September 19, the central parity rate of the RMB was reported at 7.1128 against the USD and 8.3834 against the Euro [3] - Bessent defended the U.S. tariff policies, claiming that the trade deficit with China may decrease by 30% this year due to these tariffs [5]

100美元 711.28人民币 100欧元 838.34人民币 100日元 4.8076人民币 100港元 91.457人民币 100英镑 964.13人民币 100澳元 470.59人民币 100新西兰元 418.8人民币 100新加坡元 554.75人民币 100瑞士法郎 897.87人民币 100加元 515.74人民币 100人民币112.68澳门元 100人民币59.029马来西亚林吉特 100人民币1170.15俄罗斯卢布 100人民币244.0南非兰特 100人民币19532韩元 100人民币51.629阿联酋迪拉姆 100人民币52.718沙特里亚尔 100人民币4642.2匈牙利福林 100人民币50.809波兰兹罗提 100人民币89.01丹麦克朗 100人民币131.4瑞典克朗 100人民币138.85挪威克朗 100人民币581.809土耳其里拉 100人民币258.31墨西哥比索 100人民币448.36泰铢 【纠错】 【责任编辑:王萌萌】 新华社北京9月19日电 中国外汇交易中心9月19日受权公布人民币对美元、欧元、日元、港元、英镑、 澳元、新西兰元、新加坡元、瑞士法郎、加元、澳门 ...

中国人民银行授权中国外汇交易中心公布，2025年9月19日银行间外汇市场人民币汇率中间价为：1 美元对人民币7.1128元，1欧元对人民币8.3834元，100日元对人民币4.8076元，1港元对人民币0.91457 元，1英镑对人民币9.6413元，1澳大利亚元对人民币4.7059元，1新西兰元对人民币4.1880元，1新加坡 元对人民币5.5475元，1瑞士法郎对人民币8.9787元，1加拿大元对人民币5.1574元，人民币1元对1.1268 澳门元，人民币1元对0.59029马来西亚林吉特，人民币1元对11.7015俄罗斯卢布，人民币1元对2.4400南 非兰特，人民币1元对195.32韩元，人民币1元对0.51629阿联酋迪拉姆，人民币1元对0.52718沙特里亚 尔，人民币1元对46.4220匈牙利福林，人民币1元对0.50809波兰兹罗提，人民币1元对0.8901丹麦克朗， 人民币1元对1.3140瑞典克朗，人民币1元对1.3885挪威克朗，人民币1元对5.81809土耳其里拉，人民币1 元对2.5831墨西哥比索，人民币1元对4.4836泰铢。 （责任编辑：华青剑） 中国经济网北京9月19日讯 ...

Core Viewpoint - The easing of external constraints on China's monetary policy is expected due to the Federal Reserve's interest rate cuts, which will provide more room for policy adjustments [1][2]. Group 1: Monetary Policy Environment - The Federal Reserve's interest rate cuts have led to a decline in the US dollar index, reducing pressure on the RMB exchange rate [1]. - Analysts suggest that the attractiveness of RMB assets is increasing, leading to more foreign capital inflows and higher demand for RMB, which supports its appreciation [1][2]. - The potential for further interest rate cuts by the Federal Reserve may continue to alleviate pressure on the China-US interest rate differential and the RMB exchange rate, allowing for a more accommodative monetary policy environment in China [1][2]. Group 2: Internal Constraints on Monetary Policy - Internal factors, such as maintaining necessary policy space and ensuring reasonable net interest margins, pose greater constraints on China's monetary policy compared to external factors [2]. - The net interest margin of commercial banks has fallen to a new low of 1.42%, which may limit the space for further interest rate cuts [2][3]. - The need to avoid excessive liquidity that could lead to inefficient allocation of financial resources is emphasized, suggesting a preference for targeted monetary policy measures [2]. Group 3: Future Outlook for Monetary Policy - There is still room for further interest rate cuts and reserve requirement ratio (RRR) reductions, as the macroeconomic environment remains challenging [4][5]. - Analysts predict that the People's Bank of China may lower the RRR by 0.25 to 0.5 percentage points in the third and fourth quarters to enhance liquidity [6]. - The coordination between fiscal and monetary policies is expected to strengthen, focusing on optimizing the structure of financial support to key sectors [6].

美联储降息标志着政策正式转向，这一举措对未来人民币对美元汇率有何影响？ 东方金诚首席宏观分析师王青对智通财经记者指出："市场对年底前美联储还可能有进一步较大幅度降 息的预期升温，美元显著下行。这给包括人民币在内的非美货币带来较强的被动升值动能。" 王青进一步补充："另外，近期国内股市保持强势，外资加速流入。这在带动结汇需求增加的同时，也 在改善汇市情绪。最后，近期人民币中间价继续在偏强方向调控。" 中辉期货首席经济学家高敏对智通财经记者表示，今年以来人民币不断走强背后有两个原因：一方面是 海外对中国资产重新评估，外资进入中国投资；另一方面美元表现相对疲软。"市场预期美联储未来继 续降息，美元走弱是大概率事件。在多重因素下，人民币汇率有望不断升值，预计年底或站上'7'的关 口。" 未来人民币将保持走强趋势 综合各类影响因素，王青判断短期内人民币还会处于偏强运行状态。"接下来要重点关注降息落地后的 美元走势。"他分析称，"往后看，伴随美联储恢复降息，以及特朗普政府关税政策对美国经济冲击逐步 显现，美元指数还将承受一定下行压力，包括人民币在内的主要非美元货币对美元汇价易涨难跌。" 市场对美联储的降息预期导致美元指数 ...

北京时间9月18日凌晨，美联储宣布降息25个基点至4.00%~4.25% ，并暗示年内或再降两次。 市场此前对包括美联储降息等在内的各类美元利空因素已有所消化，从当日表现来看，人民币汇率并未 出现大幅波动。人民币对美元中间价报7.1085，较前一日下调72个基点；早间，离岸人民币对美元汇率 上扬，盘中再度升破7.10关口。 回顾今年以来，人民币汇率呈复杂波动，年初低位反弹，4月波动企稳，8月下旬大幅升值。 市场分析，美联储降息、跨境资金流动改善、人民币中间价调控等因素促使人民币升值。专家认为，未 来人民币汇率将稳中有升，破"7"仍需更多催化 。 多因素影响人民币升值 近期，随着美联储降息预期持续升温，部分全球主要资产价格已率先作出反应。人民币汇率已在一定程 度上对美联储降息预期作出反应。 今年以来，人民币汇率呈现出复杂的波动态势。年初从7.3关口上方波动回升，在4月初经历波动后迅速 企稳，进入8月下旬，人民币对美元汇率结束两个月的低波运行，出现较大幅度升值。 相比在岸人民币对美元汇率，离岸人民币对美元更多反映国际投资者预期。继9月17日后，18日早间， 离岸人民币对美元汇率上扬，盘中再度升破7.10关口。 东 ...

盘中再度升破7.10关口 北京时间9月18日凌晨，美联储宣布降息25个基点至4.00%~4.25% ，并暗示年内或再降两次。 市场此前对包括美联储降息等在内的各类美元利空因素已有所消化，从当日表现来看，人民币汇率并未 出现大幅波动。人民币对美元中间价报7.1085，较前一日下调72个基点；早间，离岸人民币对美元汇率 上扬，盘中再度升破7.10关口。 回顾今年以来，人民币汇率呈复杂波动，年初低位反弹，4月波动企稳，8月下旬大幅升值。 市场分析，美联储降息、跨境资金流动改善、人民币中间价调控等因素促使人民币升值。专家认为，未 来人民币汇率将稳中有升，破"7"仍需更多催化 。 多因素影响人民币升值 近期，随着美联储降息预期持续升温，部分全球主要资产价格已率先作出反应。人民币汇率已在一定程 度上对美联储降息预期作出反应。 今年以来，人民币汇率呈现出复杂的波动态势。年初从7.3关口上方波动回升，在4月初经历波动后迅速 企稳，进入8月下旬，人民币对美元汇率结束两个月的低波运行，出现较大幅度升值。 相比在岸人民币对美元汇率，离岸人民币对美元更多反映国际投资者预期。继9月17日后，18日早间， 离岸人民币对美元汇率上扬，盘中 ...

Group 1: Federal Reserve Rate Cut - The Federal Reserve announced a 25 basis point cut to the federal funds rate, bringing it to a target range of 4.00% to 4.25% [2][3] - This marks the first rate cut since 2025 and follows a series of cuts totaling 100 basis points in 2024 [2] - The decision was largely driven by a weak labor market overshadowing mild inflation, prompting the Fed to take "preventive" measures [2][3] Group 2: Market Reactions - Financial markets had already priced in the rate cut, leading to a relatively calm response with mixed performances in major U.S. stock indices [3] - The 10-year U.S. Treasury yield and the dollar index experienced slight rebounds post-announcement, while gold futures saw a decline of over 0.8% [3] Group 3: Impact on China's Monetary Policy - The Fed's rate cut reduces external constraints on China's monetary policy, providing greater operational space [4] - Experts suggest that China's monetary policy will remain focused on domestic economic conditions, with no immediate urgency for rate cuts [4][5] Group 4: Currency and Capital Flows - The narrowing interest rate differential between China and the U.S. is expected to alleviate capital outflow pressures, creating a better environment for supportive monetary policies in China [4][5] - The Fed's actions may also facilitate foreign exchange management policies aimed at attracting cross-border capital inflows [5] Group 5: Stock and Bond Market Outlook - The impact of the Fed's rate cut on China's stock market is viewed as neutral, with A-shares expected to maintain an upward trend due to improved sentiment and policy support [6][7] - The bond market is anticipated to show limited reaction, with domestic policies likely to dictate market movements rather than following the Fed's lead [7] Group 6: Gold Market Prospects - Despite short-term fluctuations, gold is expected to maintain a long-term upward trend, driven by its status as a safe-haven asset amid geopolitical tensions [6][7] - Year-to-date, gold prices have surged approximately 40%, reflecting strong market interest [7]

全球金融市场迎重磅事件！北京时间9月18日凌晨，美联储议息会议决议公布，降息25基点，符合市场 预期。这是美联储2025年第一次降息，也是继2024年三次降息后再次降息。 复盘过往，在美联储宽松货币政策影响下，A股最为受益，中国债市走牛，人民币汇率有望升值。不过 从当日表现来看，未出现大幅波动。分析人士认为，美联储重启降息周期，也使得我国货币政策空间进 一步打开。在应对美联储政策外溢效应方面，同时应保持定力，坚持"以我为主"。 今年首次降息 一如市场预期，美联储降息25基点。当地时间9月17日，美联储宣布将联邦基金利率目标区间下调到4% —4.25%之间的水平。美联储主席鲍威尔表示，当前劳动力市场活力不足且略显疲软，降息旨在提振劳 动力市场。 这是美联储今年以来的首次降息。9个月时间，也是一场关于通胀预期与经济数据的博弈。2025年上半 年，美联储历次议息会议将联邦基金利率目标区间维持在4.25%—4.5%之间不变，多名官员强调"在降 息之前，需要看到通胀进一步下降的证据"。到6月，美联储内部意见分歧明显，联邦公开市场委员会会 议纪要显示，19名官员中只有10人预测年底前至少降息两次，7人不降息，2人只降息一 ...

Group 1 - The Federal Reserve announced a 25 basis point cut in the federal funds rate target range to 4.00% to 4.25% on September 17 [1] - The A-share and Hong Kong stock markets reacted positively, with all three major indices turning red, and the Sci-Tech Innovation 50 Index rising over 4% [1] - Over 2100 stocks in the Shanghai, Shenzhen, and Beijing markets saw gains [1] Group 2 - The semiconductor industry chain experienced significant gains, with companies like SMIC and Haiguang Information both rising over 6% and reaching historical highs [2] - Other semiconductor stocks such as Ruixin Micro and Huicheng Shares saw increases of over 10% [2][5] - The Sci-Tech Innovation 50 Index rose over 3%, with constituent stocks like Zhongwei Company and Haiguang Information increasing by over 8% and 7% respectively [3] Group 3 - The Hang Seng Index surpassed the 27,000-point mark, reaching its highest level since July 2021 [4]