Lian Ping: USD/RMB Exchange Rate May Fall after Peaking in the Third Quarter

Lian Ping, Chief Economist and Director of the Research Institute of Zhixin Investment, said today that the exchange rate of the US dollar against the RMB (7.2381, -0.0139, -0.19%) may fall after peaking in the third quarter. Shock.
In the short term, factors such as the tightening of the overseas financial environment and cross-border capital outflows will still exert depreciation pressure on the RMB exchange rate.
However, the tightening of the Federal Reserve’s monetary policy is coming to an end, the domestic economy is picking up steadily, the balance of payments remains in surplus, and the internationalization of the RMB is advancing, all of which will provide some support for the RMB exchange rate, and the exchange rate may stabilize and rise in the fourth quarter.