美元估值松动后，全球资金开始寻找更高收益的资产。 而中国资产在 2025 年展现出强劲吸引力： 不得不说，2025年年底人民币似乎开启了「狂飙」模式： 人民币对美元、欧元等 9 大主流币种集体走强，在岸人民币逼近 7.04 关口，较 11 月累计升值超 700 个基点，创下 2024 年 10 月以来的 14 个月新高。 来源：新浪财经 这波 "年末升值潮" 并非偶然，今天，我们就来聊聊，这背后的七大原因！ 事实上，人民币升值的直接推手，是美元指数的持续走弱与全球货币政策环境的宽松转向。 随着美国就业数据降温、通胀水平逐步回落，市场对美联储降息的预期从模糊走向明确。 截至 12 月中旬，市场预测美联储 12 月降息 25 个基点的概率已达 87%，且明年大概率延续降息周期。 而作为全球主要储备货币，美元走弱，必然带动人民币等新兴市场货币 "水涨船高"。 历史数据显示，春节前银行代客结售汇顺差规模往往是全年最高水平，2025 年这一季节性特征尤为明显，前期累积的结汇需求加速释放，直接推动人民币 汇率走强。 A 股上证指数突破近 10 年新高，港股作为 "价值洼地" 持续吸引外资涌入，10 月北向资金净流入超 3 ...

Core Viewpoint - The recent strength of the Renminbi (RMB) against the US dollar and a basket of currencies highlights a unique trend in the global foreign exchange market, with the RMB reaching new highs not seen in over a year [1][2]. Group 1: RMB Performance - The RMB has shown resilience against the US dollar, breaking through significant levels, with onshore and offshore RMB both surpassing 7.08, reaching 7.0786 and 7.07559 respectively [1]. - The RMB's central parity rate against the US dollar was reported at 7.0796, an increase of 30 basis points from the previous trading day, marking an annual increase of over 1000 basis points [1][2]. Group 2: Factors Driving RMB Strength - Analysts attribute the RMB's strong performance to both domestic and external factors, including robust economic indicators and increased capital inflows, as well as a weaker US dollar due to declining economic data [3][4]. - The RMB's appreciation is supported by a favorable trade balance and increased demand for currency conversion, driven by strong export performance and a recovering domestic capital market [3][4]. Group 3: Future Outlook - Short-term forecasts suggest that the RMB will maintain a strong position, with potential fluctuations influenced by the US dollar's performance and domestic economic policies [5][6]. - Seasonal factors, such as the traditional peak for currency conversion in the fourth quarter, are expected to provide additional support for the RMB's value [6][7].