According to china brokerage, in the past two trading days, the yuan suddenly skyrocketed. Analysts believe that there are three main reasons: First, the recent continuous interest rate cuts by the central bank may have led to expectations of a strong domestic economy in the peripheral market. At the same time, the Third Plenum pointed out that the economic goals for the year must be achieved. Against the backdrop of a weak second quarter, there is also hope for policy to take effect in the second half of the year.
分析人士解读人民币大涨:外围市场或已开始酝酿国内经济走强的预期
Analysts interpret the sharp rise of the yuan: the peripheral market may have begun to brew expectations of a strong domestic economy.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.