Experts: The RMB exchange rate may run strong in the short term

According to Securities Daily, Wang Qing, chief macro analyst at Dongfang Jincheng, expects that in the short term, the RMB exchange rate will remain in a relatively strong operating state. In the long term, internationally, as the Federal Reserve resumes interest rate cuts and the impact of tariff policies on the U.S. economy gradually becomes apparent, the U.S. dollar index will face certain downward pressure; however, after a significant decline in the dollar in the first half of the year, it will also exhibit strong resilience against further declines in the future. Domestically, the impact of external fluctuations on China's exports may gradually become evident, while the strengthening of counter-cyclical adjustment policies will ensure that the economy operates basically stably, providing ample policy space in this regard. Therefore, the RMB to USD exchange rate will continue to focus on stability, with little risk of sustained appreciation or significant depreciation