Multiple factors drive the RMB's strength, with "two-way fluctuations" remaining the main theme.
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最新报道：According to a report by Bijie.com, following Federal Reserve Chairman Powell's dovish tone to global markets last Friday, the onshore RMB exchange rate against the US dollar saw a strong rise on August 25th, breaking through multiple barriers at the opening and closing at 7.1517, up 288 basis points from the previous day's close. Analysts believe the RMB's strength is driven by multiple factors, including a decline in the US dollar index, a significant increase in the central parity rate, and a rebound in capital market sentiment. Looking ahead, the US dollar index remains a key variable in the global foreign exchange market, but internal momentum remains the core factor determining the RMB exchange rate. Under the combined influence of internal and external factors, "steady growth" and "two-way fluctuations" will continue to be the dominant themes of the RMB exchange rate. (Shanghai Securities News)
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