Shanghai Securities News: Limited Upside for the Dollar, Positive Signals Emerge in the RMB Forex Market

The US Dollar Index has been performing exceptionally well in the foreign exchange market recently—over the past half month, the index has surged past the 104, 105, and 106 levels, rising more than 2.5% since November. Despite external headwinds, the previously strong Chinese yuan has slightly retreated recently. However, market participants have observed that the yuan's exchange market is continuously showing positive signals. With the year-end settlement wave approaching, the short-term depreciation pressure on the yuan may come to an end.