Zhongjin: Recently, due to the damage to the credibility of the US dollar, global demand for US dollar assets has weakened, leading to a general increase in the value of non-US currencies.

The China International Capital Corporation released a research report stating that due to recent damage to the US dollar credit, global demand for US dollar assets has weakened, leading to a general appreciation of non-US currencies. This may further prompt traders and financial investors to exchange their US dollar assets for non-US assets. If a large trade surplus needs to be settled, the renminbi exchange rate may still face a rapid appreciation trend. If the currency policy does not want the exchange rate to appreciate too much, there may also need to be more adjustments to the currency market interest rates.