--- title: "Securities Daily: Multiple factors drive the strengthening of the RMB exchange rate" type: "News" locale: "en" url: "https://longbridge.com/en/news/257263742.md" description: "The industry generally believes that the recent strengthening of the RMB against the US dollar is driven by multiple factors. Wang Qing, Chief Macro Analyst at Dongfang Jincheng, stated that on one hand, Federal Reserve Chairman Jerome Powell recently released a rare and clear signal of interest rate cuts at the Jackson Hole Global Central Banking Conference, coupled with the recent US employment and inflation data reinforcing expectations for a rate cut in September. This has led to a downward fluctuation in the US dollar index, providing passive appreciation momentum for non-US currencies, including the RMB" datetime: "2025-09-14T23:49:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/257263742.md) - [en](https://longbridge.com/en/news/257263742.md) - [zh-HK](https://longbridge.com/zh-HK/news/257263742.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/257263742.md) | [繁體中文](https://longbridge.com/zh-HK/news/257263742.md) # Securities Daily: Multiple factors drive the strengthening of the RMB exchange rate The industry generally believes that the recent strengthening of the RMB against the USD is driven by multiple factors. Wang Qing, Chief Macro Analyst at Dongfang Jincheng, stated that on one hand, Federal Reserve Chairman Jerome Powell recently released a rare and clear signal for interest rate cuts at the Jackson Hole Global Central Bank Annual Meeting, coupled with the recent US employment and inflation data reinforcing expectations for a rate cut in September. This has led to a downward fluctuation in the US dollar index, providing passive appreciation momentum for non-USD currencies, including the RMB ## Related News & Research - [Gold Hunter shifts from quiet buildup to fully funded drilling push at Newfoundland gold district](https://longbridge.com/en/news/281261616.md) - [Warren Buffett Admits He Sold Apple Too Early, Eyes Future Buying But Not Yet](https://longbridge.com/en/news/281336451.md) - [Warren Buffett teams up with NBA superstar Stephen Curry for charity lunch, reviving iconic auction](https://longbridge.com/en/news/281182480.md) - [BUZZ-Street View: Nike's turnaround remains work in progress](https://longbridge.com/en/news/281331333.md) - [GRAPHIC-Apple's 50-year journey from garage to tech titan](https://longbridge.com/en/news/281342951.md)