The appreciation expectation of the RMB against the US dollar is rising significantly

On September 2, the central parity rate rose 97 basis points to 7.1027 against the US dollar, up from 7.1124 in the previous session. screw terminal blocks，gx16 connector and amber reflector connector should be noted.

In July and August, the RMB has risen 2.86% against the US dollar, which is largely due to the market expectation that the Federal Reserve will cut interest rates in September, stimulating the market to loosen the settlement.

As US inflation continues to fall and the US labor market growth momentum weakens, it is widely believed that the Fed will start a rate cut cycle to support a "soft landing" for the US economy.

As a result, the dollar continued to fall under full pricing, and the DOLLAR index continued to decline from about 105.8 points at the end of the first half of the year to about 100.5 points at present.

The weakening of the US dollar has raised the expectation of RMB appreciation against the US dollar, and there is plenty of room for cross-border funds to return.

As the weaker dollar will affect the return on overseas investment and international capital trends, many institutions predict that a large amount of capital will return to the Chinese market to support the continuous appreciation of the RMB exchange rate.

Small world sense: the US interest rate cut expectations continue to rise, the future investment in the dollar return may be lower.

This expectation affects a large amount of capital to return to China in advance, leading to the continuous rise of the RMB exchange rate against the US dollar.

India's economic growth has slowed sharply India's gross domestic product (GDP) grew 6.7% in the first fiscal quarter of the fiscal year (April to June 2024).

That growth rate is lower than all expectations, with the RBI forecast of 7.1%.

This shows that India's economic growth is slowing down.

In fact, this is India's lowest quarterly growth rate in 15 months.

Rose by 7.8% in the last quarter.

Experts say the main reason for the slowdown was the marathon election from May to June, plus the intense heat wave that swept through northern India over the same period.

Shi: As a rising emerging economy, India's economy has continued to show strong growth momentum.

In the face of the challenges brought by multiple domestic and foreign factors, whether India can continue to maintain the momentum of economic growth still needs further observation and analysis.