Lates News

CITIC Securities Research Report pointed out that the recent appreciation of the US dollar against the Chinese Yuan is expected to continue, given the strong willingness for foreign exchange settlement in the short term, as well as the fact that the beginning of each year is the main time window for the appreciation of the Chinese Yuan. It is not ruled out that the Chinese Yuan may continue to rise before the Spring Festival, releasing upward pressure. The combination of the decline in US treasury bonds and the strengthening of the Chinese Yuan will pose significant pressure on the current holdings of US treasuries, but after March, US treasury bond rates and the Chinese Yuan exchange rate may both reach their peaks, providing a more ideal buying point at that time.