Recently, the RMB trend has attracted attention. The offshore RMB broke through the 7.0 level for the first time since 2024. The onshore RMB also strengthened, approaching below 7.01, marking the best performance since September. More notably, the central parity rate has been reported at 7.0392, an increase of 79 basis points in a single day, reaching a new high since September 30 — such a daily increase has not been seen since August 27 this year.

How does the trading market view this wave of appreciation? It mainly comes down to a few reasons: the US dollar index has been declining recently, our domestic economy's resilience is improving, and there is a concentrated release of foreign exchange settlement needs from enterprises and individuals at the end of the year. These factors combined have driven this relatively significant appreciation of the RMB.

Looking ahead, the RMB is expected to remain relatively strong in the short term, but fluctuations are inevitable. Whether it can stabilize and hold the 7.0 level still requires further observation of subsequent trends.