mint sauce
The substantive relaxation of the epidemic situation in China has brought about a promising growth prospect, and the US interest rate hike is not expected to be strong. These are the two major factors for the appreciation of the renminbi.
But the appreciation may not last forever, and hovering at a high level may be a high probability event. After all, the current interest rate in the United States is already very high, while China is still easing. This difference in interest rates has given great resistance to the appreciation of the renminbi.
In addition, no one can guarantee what the result will be after China’s epidemic control is relaxed. It must be a good expectation. The carnival in the market these days is more of a correction to the long-term depression in the past. If China’s opening up next year leads to a higher number of deaths, it is not impossible for the policy to return to tightening again, so it will take a while to observe.
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