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Analysts: The resilience of the Renminbi exchange rate will continue.
On July 24, Jin10 data reported that against the backdrop of significant fluctuations in the US dollar index, which has fallen by more than 10% this year, the RMB to USD exchange rate demonstrates resilience amid two-way fluctuations, presenting a "stable yet strong" pattern. As of July 23, it has appreciated nearly 2% compared to the beginning of the year and remains basically stable. Analysts generally believe that the stable performance of the RMB exchange rate is the result of the interplay of internal and external factors, with endogenous momentum being fundamental. With effective support from economic fundamentals and the prospect that tools to stabilize the exchange rate will be deployed in a timely manner, the resilience of the RMB exchange rate is expected to continue.