Express News | Global central banks are on high alert to counter the resurgence of inflation, with the US dollar falling more than 1% under pressure.
Metaplanet Announces Strategic Investment in JPYC Stablecoin Through New Venture Arm
Express News | Pan Gongsheng: China has no need and no intention of gaining trade competitive advantages through exchange rate depreciation.
China's Manufacturing Activity Further Slows in February; Services Sector Remains in Contraction
China's Headline Deficit Target May Remain Unchanged This Year -- Market Talk
Bullish bets double, with potential for another 5% rise this year? The renminbi charts an independent course—what’s next?
Citi, Standard Chartered, and other foreign banks have observed a surge in bullish bets on the renminbi in the options market, with traders widely setting the year-end target at 6.50. Institutions such as Xingzheng and GF Macro have pointed out that the core driver is the release of substantial foreign exchange settlement demand (nearly US$200 billion in net settlements over the past two months) combined with fundamental resonance. GF Macro expects further appreciation within the year but with increased two-way volatility, stabilizing at around 6.85-6.87 by year-end. Regulatory authorities have initiated counter-cyclical adjustments to prevent excessive fluctuations.