The organization stated that the RMB would appreciate steadily rather than sharply.

On January 28th, the People's Bank of China authorized the China Foreign Exchange Trading Center to announce that the central parity rate of the renminbi against the US dollar was set at 6.9755, a significant increase of 103 basis points from the previous trading day, continuing the trend of appreciation after breaking the "7" mark. The onshore renminbi against the US dollar closed at 6.9453, up 123 basis points from the previous trading day. Since the beginning of 2026, the renminbi has continued to show a strong trend against the US dollar, with the central parity rate breaking the key level of 7.0 again after two and a half years, and the market is highly focused on the future exchange rate trend. Institutions have also reached a consensus on the future trend. Galaxy Securities believes that the renminbi exchange rate will show a steady appreciation trend, rather than a rapid increase. Looking at historical data, the seasonal demand for renminbi settlement in January is relatively strong, but usually weakens in February and March, and the rate of appreciation will also slow down. From a technical standpoint, the next important level for the renminbi exchange rate may be around 6.85. Looking at the whole year, the renminbi exchange rate will still fluctuate in both directions and will not show a one-sided appreciation trend.