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Global Market: China's yuan holds near 3-year high despite strong dollar; PBOC fixing supports currency

China’s yuan remained near a three-year high against the dollar, supported by central bank guidance and strong foreign exchange settlement. However, elevated US Treasury yields and geopolitical tensions limited gains. The PBOC set its strongest midpoint since February 2023, while analysts expect modest appreciation amid trade surpluses and policy uncertainty.

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Economic TimesLean R·1h ago
Global Market: China's yuan holds near 3-year high despite strong dollar; PBOC fixing supports currency
China’s yuan remained near a three-year high against the dollar, supported by central bank guidance and strong foreign exchange settlement. However, elevated US Treasury yields and geopolitical tensions limited gains. The PBOC set its strongest midpoint since February 2023, while analysts expect modest appreciation amid trade surpluses and policy uncertainty.
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Global Market: China's yuan holds near 3-year high despite strong dollar; PBOC fixing supports currency

How 1 sources are covering this