Internet reports that since Federal Reserve Chairman Powell "released the pigeons" to global markets last Friday, on August 25, the onshore RMB exchange rate against the US dollar rose strongly, rising above multiple barriers at the opening, closing at 7.1517, compared with the previous trading day. The closing price rose by 288 basis points. Analysts believe that the strength of the RMB is driven by multiple factors such as the fall in the US dollar index, the sharp rise in the median price and the recovery of capital market sentiment. Looking forward to the future outlook, the trend of the US dollar index remains a key variable in the global foreign exchange market, but the core factor currently determining the RMB exchange rate is still endogenous momentum. Under the joint influence of internal and external factors,"stability and rising" and "two-way fluctuations" will remain the main tone of the RMB exchange rate trend. (Shanghai Stock Exchange)