<p>人民幣首次突破每美元 7 元的心理關口，這是自去年九月以來的首次，市場普遍預計中國央行將允許人民幣逐步升值以提振市場信心。</p>
<p>昨日離岸人民幣兑美元上漲了 0.2%，達到 6.9964 元。這一走勢發生在中國人民銀行將其每日參考匯率上調至自去年九月以來的最高水平之後。</p>
<p>央行週三承諾確保充足的貨幣供應，以支持融資、經濟增長和通脹目標。本週早些時候，央行選擇維持關鍵短期貸款利率不變。</p>
<p>由於美元貶值、資金流入追逐中國股市反彈以及地緣政治緊張局勢緩解，人民幣有望迎來五年來最佳表現。</p>
<p>北京在過去幾個月以精心安排的節奏引導人民幣升值，試圖在不引發外匯波動的情況下允許人民幣升值。</p>
<p>“人民幣受到美元疲軟和出口商季節性外匯兑換的支撐，” 東方金誠國際信評首席宏觀分析師王青表示。“持續的人民幣升值將有助於提高中國資本市場對外國投資者的吸引力。”</p>
<p>在岸交易中，人民幣昨日上漲 0.1%，達到每美元 7.0067 元。</p>
<p>資金流向傾向於美元賣出，主要中國銀行在約 7.006 的水平上大量買入美元，交易員表示，他們不願透露姓名，因為未獲授權公開發言。</p>
<p>由於假期效應，離岸流動性較為稀薄，交易員表示。</p>
<p>香港市場昨日休市，今天因聖誕假期繼續休市。</p>
<p>儘管人民幣兑美元上漲，但許多分析師表示，考慮到貿易加權基礎和中國根深蒂固的通縮，人民幣仍然過於便宜。</p>
<p>高盛集團表示，人民幣相對於經濟基本面被低估了 25%。</p>
<p>澳大利亞和新西蘭銀行集團高級策略師邢兆鵬表示，人民幣在明年上半年可能會保持在每美元 6.95 至 7 元的強勢區間。</p>

<p>人民幣自去年九月以來首次突破每美元 7 元大關，這一走勢受到市場對中國央行逐步升值的預期推動，以增強市場信心。中國人民銀行已加強其每日參考匯率，人民幣有望在對美元的表現上迎來五年來的最佳年份。分析師指出，人民幣仍然被低估，預計在明年上半年將保持在每美元 6.95 至 7 元的強勢區間</p>

<p>The yuan climbed past the psychological milestone of 7 yuan per US dollar for the first time since September last year, on bets China’s central bank would allow gradual currency appreciation to boost market confidence.</p>
<div class="lb-trans"><p>人民幣首次突破每美元 7 元的心理關口，這是自去年九月以來的首次，市場普遍預計中國央行將允許人民幣逐步升值以提振市場信心。</p>
</div><p>The offshore yuan yesterday gained as much as 0.2 percent to 6.9964 yuan per US dollar. The move came after the People’s Bank of China strengthened its daily reference rate to the strongest level since September last year.</p>
<div class="lb-trans"><p>昨日離岸人民幣兑美元上漲了 0.2%，達到 6.9964 元。這一走勢發生在中國人民銀行將其每日參考匯率上調至自去年九月以來的最高水平之後。</p>
</div><p>The central bank on Wednesday promised to ensure adequate money supply to support financing, economic growth and inflation targets. Earlier in the week, it had opted to keep its key short-term lending rates unchanged.</p>
<div class="lb-trans"><p>央行週三承諾確保充足的貨幣供應，以支持融資、經濟增長和通脹目標。本週早些時候，央行選擇維持關鍵短期貸款利率不變。</p>
</div><p>The yuan is headed for its best year in half a decade against the US dollar, thanks to a slump in the US currency, inflows chasing China’s stock-market rebound and easing geopolitical tensions.</p>
<div class="lb-trans"><p>由於美元貶值、資金流入追逐中國股市反彈以及地緣政治緊張局勢緩解，人民幣有望迎來五年來最佳表現。</p>
</div><p>Beijing has been guiding the yuan stronger at a carefully orchestrated pace with its fixing in the past few months as it seeks to allow currency appreciation without triggering foreign-exchange volatility.</p>
<div class="lb-trans"><p>北京在過去幾個月以精心安排的節奏引導人民幣升值，試圖在不引發外匯波動的情況下允許人民幣升值。</p>
</div><p>“The yuan has been bolstered by weakness in the dollar and seasonal foreign-exchange conversion by exporters,” Golden Credit Rating International Co (東方金誠國際信評) chief macro analyst Wang Qing (王青) said. “A sustained yuan gain will be helpful in increasing the appeal of China’s capital markets to foreign investors.”</p>
<div class="lb-trans"><p>“人民幣受到美元疲軟和出口商季節性外匯兑換的支撐，” 東方金誠國際信評首席宏觀分析師王青表示。“持續的人民幣升值將有助於提高中國資本市場對外國投資者的吸引力。”</p>
</div><p>In onshore trading, the Chinese currency yesterday gained 0.1 percent to 7.0067 yuan per US dollar.</p>
<div class="lb-trans"><p>在岸交易中，人民幣昨日上漲 0.1%，達到每美元 7.0067 元。</p>
</div><p>Flows were tilted toward US dollar selling, with major Chinese banks seen buying the greenback heavily at about 7.006, according to traders asking not to be identified as they were not authorized to speak publicly.</p>
<div class="lb-trans"><p>資金流向傾向於美元賣出，主要中國銀行在約 7.006 的水平上大量買入美元，交易員表示，他們不願透露姓名，因為未獲授權公開發言。</p>
</div><p>Offshore liquidity was thin due to holiday effects, the traders said.</p>
<div class="lb-trans"><p>由於假期效應，離岸流動性較為稀薄，交易員表示。</p>
</div><p>Hong Kong markets were shut yesterday and would be closed today for the Christmas holidays.</p>
<div class="lb-trans"><p>香港市場昨日休市，今天因聖誕假期繼續休市。</p>
</div><p>Despite its rally versus the US dollar, many analysts say the yuan is still too cheap on a trade-weighted basis and considering China’s entrenched deflation.</p>
<div class="lb-trans"><p>儘管人民幣兑美元上漲，但許多分析師表示，考慮到貿易加權基礎和中國根深蒂固的通縮，人民幣仍然過於便宜。</p>
</div><p>Goldman Sachs Group Inc said the currency was 25 percent undervalued relative to economic fundamentals.</p>
<div class="lb-trans"><p>高盛集團表示，人民幣相對於經濟基本面被低估了 25%。</p>
</div><p>The yuan would likely stay strong in the range of 6.95 to 7 yuan per US dollar in the first half of next year, Australia &amp; New Zealand Banking Group senior strategist Xing Zhaopeng (邢兆鵬) said.</p>
<div class="lb-trans"><p>澳大利亞和新西蘭銀行集團高級策略師邢兆鵬表示，人民幣在明年上半年可能會保持在每美元 6.95 至 7 元的強勢區間。</p>
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人民幣升破七元兑一美元，中國央行向多頭妥協