Expert: RMB exchange rate may run strong in the short term.

According to Securities Daily, Wang Qing, chief macro analyst at East Money Credit, predicts that in the short term, the renminbi exchange rate will remain in a slightly strong trend. In the long term, internationally, with the Federal Reserve resuming interest rate cuts and the gradual impact of tariff policies on the US economy, the US dollar index will also face some downward pressure; however, the huge drop in the dollar in the first half of the year will also show strong resilience in the later period. Domestically, the impact of external fluctuations on China's exports may gradually become apparent, and the intensified countercyclical adjustment policies will ensure the basic stability of the economy, providing sufficient policy space in this regard. Therefore, in the future, the renminbi exchange rate against the US dollar will still be mainly stable, with little risk of continuous appreciation or significant depreciation.