The central parity of the renminbi has been significantly raised, and experts say that the future trend of the renminbi will be more stable
ChainCatcher news, according to Jinshi reports, the central parity rate of the RMB against the USD was raised by 86 basis points, reported at 7.1833, the highest since April 2, and the largest increase since January 21. Wang Qing, chief macro analyst at Dongfang Jincheng, analyzed that the recent strengthening of the RMB exchange rate is mainly driven by two factors:The depreciation of the USD has led to a passive appreciation of the RMB against the USD. The market's pessimistic expectations regarding the increase in the U.S. government's fiscal deficit and debt have intensified, causing the USD index to decline significantly again, which is driving a general appreciation of non-USD currencies, including the RMB.Recently, the domestic implementation of more proactive macro policies has enhanced the resilience of the domestic macro economy against external fluctuations, providing intrinsic support for the RMB exchange rate. Wang Qing predicts that in the future, the RMB is more likely to experience a two-way fluctuation process opposite to the USD trend, but the amplitude of fluctuations will be relatively small, and compared to other major currencies, the RMB trend will be more stable.