Apr 10, 2021 09:09 PM (GMT+8) · EqualOcean
Song Xuetao, chief Macro Analyst of Tianfeng securities, said at the 2021 Tsinghua Wudaokou chief economist Forum on April 10 that in the long run, there is still room for RMB appreciation due to the interest rate difference between China and the United States or the difference between RMB exchange rate and real exchange rate implied by precious metals. With the recovery of non US economies, the US dollar index is likely to decline again, and the RMB is relatively stable against a package of currencies.

This text is a result of machine translation.