Foreign media: On December 29, 2025, the People's Bank of China set the central parity of the Chinese yuan against the US dollar at 7.0331, the highest level in 15 months. Previously, the offshore exchange rate of the yuan had briefly broken through the key threshold of 7 US dollars per 1 Chinese yuan.
Analysts believe that the weakening US dollar and seasonal factors such as export companies settling foreign exchange at the end of the year are the direct causes of the yuan's strength. In addition, due to repeated calls by US President Trump for interest rate cuts, the market generally expects the new chairman of the Federal Reserve to push for an interest rate cut cycle, which has also had some impact on the appreciation of the yuan exchange rate.
Original article: toutiao.com/article/1852851424385164/
Statement: This article represents the views of the author himself.