Deep Tide TechFlow News, January 02, this morning offshore RMB against the US dollar broke through 6.97. This trend has continued the appreciation trend since the end of 2025, and the market generally expects the RMB to officially re-enter the "6" era in 2026.

Industry analysts believe that the core logic supporting the RMB's strength is clearly visible:

On one hand, under the high debt pressure in the US, the Federal Reserve's policy is more likely to loosen than tighten, and the continued weakening of the US dollar index has created external conditions for the RMB to appreciate;

On the other hand, the domestic economic fundamentals continue to improve, coupled with the policy dividend release from the "14th Five-Year Plan," significantly boosting market confidence in RMB assets.

What is even more noteworthy is that the approximately $900 billion trade surplus accumulated over the past three years, which has not yet been converted into foreign exchange, is showing signs of returning, providing strong support for the RMB exchange rate. (21 Finance and Economics)