B[President Liu Yuanchun of Shanghai University of Finance and Economics: AI impacts the world’s financial structure and rethinks RMB management ideas] On October 17, President Liu Yuanchun of Shanghai University of Finance and Economics stated at the Global Wealth Management Forum·2026 Shanghai Suhewan Conference that the current low-speed economic growth has become a consensus, but whether AI can boost growth is highly divided. The growth hub is the anchor of financial pricing, and mid-term changes will reshape the asset pricing reference system. Under low-speed growth, global differentiation has intensified, forming a "new triangle" of innovation and finance twins in the United States, soaring savings rates in Europe, and dramatic changes in the Chinese sector. The key to AI's impact on global growth lies in whether AI can be transformed into an increase in total factor productivity. Judging a bubble depends on whether the three combinations of capital expenditure and cash flow, income and market value, and growth and capital match. In addition, geopolitical conflicts have pushed up inflation and interest rates, increasing market vulnerability. Liu Yuanchun pointed out that China's contribution to global AI accounts for about 19% in the supply chain reconstruction, and the export of mechanical, electrical and energy investment products has benefited, and the idea of RMB management needs to be rethought. B[The U.S. dollar index fell on the 16th] On October 17, the U.S. dollar index, which measures the U.S. dollar against six major currencies, fell 0.21% that day and closed at 101.837 in the late foreign exchange market. As of late trading in New York, 1 euro was worth $1.1233, up from $1.1212 on the previous trading day; 1 pound was worth $1.3319, up from $1.3272 on the previous day. 1 U.S. dollar was exchanged for 158.05 Japanese yen, down from 158.14 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.8242 Swiss francs, down from 0.8271 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4153 Canadian dollars, lower than 1.4190 Canadian dollars on the previous trading day; 1 U.S. dollar was exchanged for 9.9192 Swedish kronor, down from 9.9597 Swedish kronor on the previous trading day. B[The U.S. dollar index fell on the 15th] On October 16, the U.S. dollar index, which measures the U.S. dollar against six major currencies, fell 0.49% that day and closed at 102.055 in the late foreign exchange market. As of late trading in New York, 1 euro was worth $1.1212, up from $1.1153 on the previous trading day; 1 pound was worth $1.3272, up from $1.3181 on the previous day. 1 U.S. dollar was exchanged for 158.14 Japanese yen, down from 158.20 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.8271 Swiss francs, down from 0.8345 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4190 Canadian dollars, lower than 1.4247 Canadian dollars on the previous trading day; 1 U.S. dollar was exchanged for 9.9597 Swedish krona, down from 10.0321 Swedish kronor on the previous trading day. B[The U.S. dollar index rose on the 14th] On October 15th, the U.S. dollar index, which measures the U.S. dollar against six major currencies, rose 0.37% that day and closed at 102.554 in the late foreign exchange market. As of late trading in New York, 1 euro was worth $1.1153, down from $1.1201 on the previous trading day; 1 pound was worth $1.3181, down from $1.3257 on the previous day. 1 U.S. dollar was exchanged for 158.20 yen, lower than 158.30 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.8345 Swiss francs, higher than 0.8325 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4247 Canadian dollars, higher than 1.4215 Canadian dollars on the previous trading day; 1 U.S. dollar was exchanged for 10.0321 Swedish krona, higher than 9.9618 Swedish kronor on the previous trading day. B[The U.S. dollar index fell on the 13th] On October 14th, the U.S. dollar index, which measures the U.S. dollar against six major currencies, fell 0.4% that day and closed at 102.180 in the late foreign exchange market. As of late trading in New York, 1 euro was worth $1.1201, up from $1.1156 on the previous trading day; 1 pound was worth $1.3257, up from $1.3206 on the previous day. 1 U.S. dollar was exchanged for 158.30 Japanese yen, down from 158.68 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.8325 Swiss francs, down from 0.8348 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4215 Canadian dollars, lower than 1.4286 Canadian dollars on the previous trading day; 1 U.S. dollar was exchanged for 9.9618 Swedish krona, down from 10.0444 Swedish kronor on the previous trading day. B[The U.S. dollar index rose on the 12th] On October 13, the U.S. dollar index, which measures the U.S. dollar against six major currencies, rose 0.37% that day and closed at 102.590 in the late foreign exchange market. As of late trading in New York, 1 euro was worth $1.1156, down from $1.1202 on the previous trading day; 1 pound was worth $1.3206, down from $1.3241 on the previous day. 1 U.S. dollar was exchanged for 158.68 Japanese yen, higher than 158.21 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.8348 Swiss francs, higher than 0.8298 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4286 Canadian dollars, higher than 1.4266 Canadian dollars on the previous trading day; 1 U.S. dollar was exchanged for 10.0444 Swedish krona, higher than 9.9909 Swedish kronor on the previous trading day. B[The U.S. dollar index rose on the 9th] On October 10, the U.S. dollar index, which measures the U.S. dollar against six major currencies, rose 0.08% that day and closed at 102.216 in the late foreign exchange market. As of late trading in New York, 1 euro was worth $1.1202, down from $1.1209 on the previous trading day; 1 pound was worth $1.3241, up from $1.3225 on the previous day. 1 U.S. dollar was exchanged for 158.21 Japanese yen, higher than 157.86 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.8298 Swiss francs, lower than 0.8316 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4266 Canadian dollars, higher than 1.4224 Canadian dollars on the previous trading day; 1 U.S. dollar was exchanged for 9.9909 Swedish krona, higher than 9.9757 Swedish kronor on the previous trading day. B[The U.S. dollar index fell on the 8th] On October 9, the U.S. dollar index, which measures the U.S. dollar against six major currencies, fell 0.1% that day and closed at 102.138 in the late foreign exchange market. As of late trading in New York, 1 euro was worth $1.1209, up from $1.1199 on the previous trading day; 1 pound was worth $1.3225, up from $1.3219 on the previous day. 1 U.S. dollar was exchanged for 157.86 Japanese yen, down from 157.96 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.8316 Swiss francs, down from 0.8330 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4224 Canadian dollars, lower than 1.4256 Canadian dollars on the previous trading day; 1 U.S. dollar was exchanged for 9.9757 Swedish kronor, down from 9.9992 Swedish kronor on the previous trading day. B[The U.S. dollar index rose on the 7th] On October 8, the U.S. dollar index, which measures the U.S. dollar against six major currencies, rose 0.4% that day and closed at 102.242 in the late foreign exchange market. As of late trading in New York, 1 euro was worth $1.1199, down from $1.1261 on the previous trading day; 1 pound was worth $1.3219, down from $1.3277 on the previous day. 1 U.S. dollar was exchanged for 157.96 yen, lower than 158.12 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.8330 Swiss francs, higher than 0.8313 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4256 Canadian dollars, higher than 1.4209 Canadian dollars on the previous trading day; 1 U.S. dollar was exchanged for 9.9992 Swedish krona, higher than 9.9861 Swedish kronor on the previous trading day.
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