Goldman Sachs recently released a foreign exchange forecast, predicting that by the end of 2026, 1 USD may be exchanged for 6.9 RMB. Once this news broke, many traders started pondering the logic behind it.

To be honest, this is not an isolated data point. Exchange rate fluctuations directly impact cross-border capital flows, especially for traders in the Asia-Pacific region. A depreciation of the RMB means an appreciation of the USD, which can change the entire approach to asset allocation.

There are also other key points in Goldman Sachs' report worth noting. First is the change in the global liquidity environment, second is the pressure on emerging market currencies, and third is the outlook for commodity prices. For investors holding a variety of assets, these are important reference factors—whether you are allocated in traditional assets or cryptocurrencies, changes in the exchange rate environment can act as a catalyst.

Interestingly, during a USD appreciation cycle, the crypto market often faces short-term pressure, but in the long run, it can attract investors seeking alternative assets. So this forecast gives us a perspective: how to adjust strategies in response to macroeconomic changes.