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the rmb exchange rate has risen sharply! on september 23, the three major news in the early morning of this morning continued to ferment!

2024-09-23

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1. the rmb exchange rate has risen sharply!

the current rmb exchange rate is also continuing to rise, soaring to 7.04. at this rate, it is possible that it will break 7 before the national day! as soon as the federal reserve announced the interest rate cut, the pressure on the depreciation of the rmb was instantly relieved. it is expected that the rmb exchange rate will rise steadily and hover at a reasonable and balanced level.

to put it bluntly, we can finally cut interest rates boldly. previously, because the us dollar interest rate was high, we did not dare to act rashly in order to stabilize the rmb exchange rate. now that the us dollar interest rate has been cut, we can relax our tense nerves a little. this is of great significance to us.

2. the central bank has stated many times before that incremental policies are on the way!

if it could really go down, combined with the fed's rate cut, it would undoubtedly be a shot in the arm for market sentiment. but the reality is that it did not move, and the market could only interpret it as bad news. with global stock markets soaring, we actually opened lower and barely turned positive until the last moment.

next, let's wait and see what new moves will be made. it is particularly important to mention here that the most direct measure should be to cut interest rates for enterprises, reduce everyone's mortgage burden, and increase residents' income.