[The strengthening of the US dollar puts pressure on non-US currencies, and the RMB central parity rate hits a 14-month low] Golden Finance reported that on November 13, the RMB exchange rate against the US dollar was 7.1991, down 64 basis points from the previous trading day, the lowest value since September 11, 2023. Since the fourth quarter of this year, affected by factors such as the strengthening of the US dollar index, the RMB exchange rate against the US dollar has fluctuated significantly and has depreciated overall. "The depreciation of the RMB against the US dollar is significantly smaller than the increase in the US dollar index itself." Wen Bin, chief economist of Minsheng Bank, said that the recent US economic data has been strong overall, the inflation rate has unexpectedly exceeded expectations, and the market's expectations for the Fed's interest rate cut have been significantly lowered. Although the market has expectations of a "strong dollar", the interest rate gap between China and the United States is still inverted, which puts pressure on the RMB, but the National Economic Research Center of Peking University pointed out that the effects of domestic stable growth policies have been released, and the economy has shown signs of stabilization, which will support the RMB exchange rate. (Securities Times)