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【itbear】september 1 news, the rmb exchange rate has continued to rise recently, and has completely recovered the lost ground this year. by the end of trading on august 30, both onshore and offshore markets, the rmb exchange rate against the us dollar reached a recent high of 7.0881 and 7.0823 respectively. this wave of strong appreciation trend is mainly attributed to the concentrated release of foreign exchange settlement demand.

the arrival of the peak period of exchange settlement at the end of the month has prompted a large amount of foreign exchange to be converted into rmb, thus driving up the rmb exchange rate. in addition, as market expectations for a rebound in the us dollar have gradually weakened, exporters and related companies have also accelerated the pace of exchange settlement. however, despite the rmb's impressive performance in the short term, its future trend is still affected by a variety of factors.

economists from well-known institutions such as goldman sachs pointed out that the rmb exchange rate against the us dollar may face certain downward pressure in the next few months. they predict that under the baseline scenario, the exchange rate may reach the range of 7.3 to 7.4, which may be accompanied by greater market fluctuations. this forecast is based on a comprehensive analysis of multiple factors such as changes in the interest rate differential between china and the united states, china's foreign trade trends, and adjustments to us economic policies.

at the same time, market participants are also paying close attention to the fed's monetary policy adjustments and the results of the us election, both of which are seen as key factors affecting the future trend of the rmb exchange rate. in particular, the fed's possible interest rate cuts and possible changes in policy direction after the us election will have a significant impact on the rmb exchange rate.

in summary, despite the recent strong performance of the rmb exchange rate, its future development is still full of uncertainty. investors and decision makers need to pay close attention to market dynamics to make more informed decisions.

source: http://www.itbear.com.cn/html/2024-09/498206.html