RMB exchange rate strengthens at the beginning of the year, experts warn not to blindly "gamble" on the direction.

According to the Shanghai Securities News, the first trading day after the 2026 Spring Festival holiday, the Renminbi exchange rate continued to show strength: as of 16:30, the onshore and offshore Renminbi were reported at 6.8817 and 6.8776 respectively, with cumulative appreciation rates of 1.53% and 1.41% since 2026. The continued strength of the Renminbi in this round is the result of multiple factors resonating. Industry insiders analyze that, on the one hand, the marginal improvement of the external environment provides upward space for non-dollar currencies, including the Renminbi; on the other hand, the concentrated release of corporate foreign exchange demand before and after the Spring Festival injects seasonal momentum into the exchange rate. Although the Renminbi's performance is remarkable, several experts warn that the exchange rate of the Renminbi is driven by multiple factors, and one should not speculate on the Renminbi exchange rate unilaterally appreciating or depreciating. The future trend of the Renminbi still needs to observe changes in foreign exchange demand, fundamental expectations, and the direction of the US dollar, and market participants should remain rational and avoid blindly betting on one-sided trends.