In the past few days, the Renminbi exchange rate against the US dollar continued to rise. Anbound Think Tank stresses that the fundamental reason for the appreciation of the Renminbi this time is not caused by the suppress measures of China’s Central Bank, but rather by the dollar falling across the board. In addition, more attention should be paid to these trends: the future of the Renminbi exchange rate will remain in a volatile state; US economy and the global market uncertainty will increase after Trump becoming the President; temporarily reverse the Renminbi exchange rate after the passive situation due to the dollar callback; the fall of dollar and the rebound of Renminbi which would cause damage against many renminbi "bears"; a growing strategic view of renewed optimism about emerging market growth.
