100美元 710.29人民币 100欧元 832.65人民币 100日元 4.7936人民币 100港元 91.094人民币 100英镑 959.28人民币 100澳元 465.95人民币 100新西兰元 418.88人民币 100新加坡元 553.09人民币 100瑞士法郎 889.61人民币 100加元 513.9人民币 100人民币113.16澳门元 100人民币59.365马来西亚林吉特 100人民币1143.04俄罗斯卢布 100人民币247.77南非兰特 100人民币19506韩元 100人民币51.647阿联酋迪拉姆 100人民币52.756沙特里亚尔 100人民币4714.26匈牙利福林 100人民币51.047波兰兹罗提 100人民币89.67丹麦克朗 100人民币131.98瑞典克朗 100人民币140.93挪威克朗 100人民币579.838土耳其里拉 100人民币263.1墨西哥比索 100人民币450.79泰铢（完） 9月8日人民币汇率中间价如下： 新华社北京9月8日电 中国外汇交易中心9月8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 ...

中国人民银行授权中国外汇交易中心公布，2025年9月8日银行间外汇市场人民币汇率中间价为：1美元 对人民币7.1029元，1欧元对人民币8.3265元，100日元对人民币4.7936元，1港元对人民币0.91094元，1 英镑对人民币9.5928元，1澳大利亚元对人民币4.6595元，1新西兰元对人民币4.1888元，1新加坡元对人 民币5.5309元，1瑞士法郎对人民币8.8961元，1加拿大元对人民币5.1390元，人民币1元对1.1316澳门 元，人民币1元对0.59365马来西亚林吉特，人民币1元对11.4304俄罗斯卢布，人民币1元对2.4777南非兰 特，人民币1元对195.06韩元，人民币1元对0.51647阿联酋迪拉姆，人民币1元对0.52756沙特里亚尔，人 民币1元对47.1426匈牙利福林，人民币1元对0.51047波兰兹罗提，人民币1元对0.8967丹麦克朗，人民币 1元对1.3198瑞典克朗，人民币1元对1.4093挪威克朗，人民币1元对5.79838土耳其里拉，人民币1元对 2.6310墨西哥比索，人民币1元对4.5079泰铢。 9月8日，人民币兑美元中间价上调35个基点，报7.1 ...

北京商报讯（记者 刘四红）9月8日，人民币对美元中间价报7.1029，调升35个基点。 截至当日9时37分，人民币对美元汇率报价7.1305，升值0.04%，离岸人民币对美元汇率报7.1258，升值 0.01%。 ...

9月8日人民币对美元中间价报7.1029元 上调35个基点 中新网9月8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9月8日银行间外汇市场人民币汇率中间价为：1美元对人 民币7.1029元，上调35个基点。 来源：中国新闻网 编辑：徐世明 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。 ...

中国人民银行授权中国外汇交易中心公布，2025年9月8日银行间外汇市场人民币汇率中间价为：1 美元对人民币7.1029元，1欧元对人民币8.3265元，100日元对人民币4.7936元，1港元对人民币0.91094 元，1英镑对人民币9.5928元，1澳大利亚元对人民币4.6595元，1新西兰元对人民币4.1888元，1新加坡 元对人民币5.5309元，1瑞士法郎对人民币8.8961元，1加拿大元对人民币5.1390元，人民币1元对1.1316 澳门元，人民币1元对0.59365马来西亚林吉特，人民币1元对11.4304俄罗斯卢布，人民币1元对2.4777南 非兰特，人民币1元对195.06韩元，人民币1元对0.51647阿联酋迪拉姆，人民币1元对0.52756沙特里亚 尔，人民币1元对47.1426匈牙利福林，人民币1元对0.51047波兰兹罗提，人民币1元对0.8967丹麦克朗， 人民币1元对1.3198瑞典克朗，人民币1元对1.4093挪威克朗，人民币1元对5.79838土耳其里拉，人民币1 元对2.6310墨西哥比索，人民币1元对4.5079泰铢。 中国经济网北京9月8日讯 来自中国外汇交易中心的数据 ...

Group 1 - The report indicates that the weak non-farm data in August and the rising expectations for a Federal Reserve interest rate cut indirectly benefit the domestic market [1] - The overall low position of the US dollar index and the narrowing of the China-US interest rate differential lead to a temporary appreciation of the RMB against the USD, enhancing the attractiveness of domestic assets [1] - Despite the weak recovery momentum in the domestic economy, the expectations for a Federal Reserve rate cut further open the window for domestic interest rate cuts, boosting the valuation recovery of domestic assets [1] Group 2 - The report highlights that sectors such as healthcare services, consumer goods, and technology growth are worth paying attention to [1]

Market Overview - The market is expected to continue its upward trend next week, with the liquidity shock indicator for the CSI 300 index at 0.77, lower than the previous week's 1.26, indicating current market liquidity is 0.77 standard deviations above the average level over the past year [2] - The PUT-CALL ratio for the SSE 50 ETF options has increased to 0.80 from 0.66, reflecting a rise in investor caution regarding the short-term performance of the SSE 50 ETF [2] - The average turnover rates for the Shanghai Composite Index and Wind All A are at 1.47% and 2.25%, respectively, indicating a decrease in trading activity compared to historical levels [2] Economic Indicators - The onshore and offshore RMB exchange rates saw weekly increases of 0.66% and 0.68%, respectively [2] - The official manufacturing PMI for China in August was reported at 49.3, slightly below the previous value of 49.7 but above the consensus expectation of 49.25; the S&P Global China Manufacturing PMI was at 50.5, up from 49.5 [2] Technical Analysis - The SAR indicator for the Wind All A index has shown a downward breakout, while the sentiment model has issued a negative signal [2] - The moving average strength index currently scores 211, placing it in the 77.0% percentile for 2023 [2] - The sentiment model score is at 0 (out of 5), indicating a negative trend signal [2] Market Performance - For the week of September 1-5, the SSE 50 index fell by 1.15%, the CSI 300 index decreased by 0.81%, and the CSI 500 index dropped by 1.85%, while the ChiNext index rose by 2.35% [3] - The overall market PE (TTM) stands at 21.9 times, which is in the 73.9% percentile since 2005 [3] Factor Analysis - The small-cap factor's congestion level remains stable at 0.68, while the low valuation factor is at -0.66, and the high profitability factor is at -0.23 [4] - The high profitability growth factor has a congestion level of 0.25 [4] Industry Analysis - The congestion levels for the comprehensive, non-ferrous metals, telecommunications, power equipment, and machinery equipment industries are relatively high, with notable increases in the congestion levels for power equipment and comprehensive sectors [5]

2025.09. 07 本文字数：2529，阅读时长大约4分钟 作者 | 第一财经 杜川 封图 | AI生成 9月7日，国家外汇管理局公布的数据显示，截至2025年8月末，我国外汇储备规模站上3.3万亿美元，创下2016年1月以来新高。 外汇局表示，8月，受主要经济体货币政策预期、宏观经济数据等因素影响，美元指数下跌，全球金融资产价格总体上涨。汇率折算和资产价格变化等 因素综合作用，当月外汇储备规模上升。 与此同时，央行连续10个月增持黄金储备，8月净增持6万盎司，占外汇储备的比重升至7.64%的历史新高。 外储规模的增长，背后是多重因素共同作用的结果。中银证券全球首席经济学家管涛对第一财经表示，受主要经济体货币政策预期、宏观经济数据等因 素影响，美元指数重回下跌态势，全球金融资产价格总体上涨，非美元货币对美元升值和资产价格上涨对我国外储产生正估值效应。 东方金诚宏观首席分析师王青将外储规模上升的原因概括为两点。首先，美联储释放出清晰的降息信号，这一罕见举动直接引发美元指数快速下跌，当 月跌幅达2.2%。由于我国外汇储备中包含大量非美元资产，美元指数的下跌使得这些非美元资产价格上涨，成为外储规模上升的主要推手 ...

Group 1 - The People's Bank of China announced a slight depreciation of the RMB against the USD, with the central parity rate set at 7.1064, down 12 basis points from the previous day [1] - Hedge funds are increasing bets on RMB appreciation, with the implied volatility curve for 3-month USD/RMB options indicating a bullish trend for the RMB [1] - The trading volume for foreign exchange options reached a new high since 2015, driven by exporters buying USD/RMB put options to hedge against exchange rate risks as the RMB appreciates [1] Group 2 - Foreign capital is accelerating its inflow into the Chinese stock market, with A-share market activity increasing and margin trading balances hitting historical highs [1] - Analysts suggest that the pricing logic for the RMB exchange rate will become more complex by 2025, with the central bank's management of exchange rate expectations becoming crucial [2] - The RMB exchange rate is expected to remain stable within a reasonable range, with a potential short-term upward trend, while factors such as USD movements and export data should be monitored [2]

Core Viewpoint - The article discusses the historical trends of the Chinese Yuan (RMB) exchange rate following the Federal Reserve's interest rate cuts, indicating that the RMB is expected to appreciate moderately in the current rate cut cycle due to various supportive factors [3][4][22]. Group 1: Historical Trends of RMB Exchange Rate - Since 1980, there have been eight rounds of Federal Reserve rate cuts, primarily aimed at preventing or responding to economic recessions and unexpected risk events [5]. - Historical data shows that the RMB's response to Fed rate cuts is influenced by the relative economic strength of China and the U.S., monetary policy differences, and the global financial environment [3][5]. - Specific periods of RMB performance include: - 1995-1996: RMB appreciated slightly during preemptive rate cuts [10]. - 1998: RMB remained stable around 8.28 during the Asian financial crisis [10]. - 2001-2003: RMB fluctuated narrowly between 8.27-8.28 during a period of economic weakness in the U.S. [12]. - 2007-2008: RMB accelerated in appreciation amid the subprime mortgage crisis [13]. - 2019: RMB faced depreciation pressures due to trade tensions but regained strength after subsequent Fed rate cuts [14]. - 2020: RMB appreciated again as the economy recovered post-COVID-19 [14]. Group 2: Current Factors Supporting RMB Appreciation - The RMB has recently appreciated due to several factors, including a weaker U.S. dollar, strengthened expectations of Fed rate cuts, increased attractiveness of RMB-denominated assets, and continuous adjustments in the RMB central parity rate [15][20]. - The U.S. dollar has been in a downtrend, influenced by rising fiscal deficits and concerns over debt sustainability, which has weakened dollar credibility [16]. - Expectations for Fed rate cuts have intensified, with market indicators suggesting a high probability of rate adjustments in the near future [18][19]. - The A-share market has seen significant rebounds, enhancing the attractiveness of RMB assets and increasing foreign investment interest [20]. - The RMB central parity rate has been adjusted upwards, signaling positive market sentiment and contributing to the currency's strength [20]. Group 3: Outlook for RMB in the Current Rate Cut Cycle - The RMB is expected to appreciate moderately in the current Fed rate cut cycle, supported by improving economic conditions in China and a narrowing interest rate differential between China and the U.S. [22][24]. - China's economy is gradually stabilizing, with strong export performance and supportive domestic policies aimed at boosting internal demand [23]. - The narrowing interest rate differential, as the Fed cuts rates while China's monetary policy remains relatively stable, is likely to enhance the attractiveness of RMB assets to foreign investors [24].