Yuan Hits 3½-Year High as PBOC Eases Currency Curb Ahead of Trump-Xi Summit
China’s yuan strengthened to around 6.6950 per dollar, its strongest level in more than 3½ years, as the People’s Bank of China appeared more comfortable with gradual currency appreciation. The move comes ahead of the Trump-Xi summit scheduled for September 23–25, where trade, artificial intelligence and supply chains are expected to feature prominently. The PBOC […]
China’s yuan strengthened to around 6.6950 per dollar, its strongest level in more than 3½ years, as the People’s Bank of China appeared more comfortable with gradual currency appreciation. The move comes ahead of the Trump-Xi summit scheduled for September 23–25, where trade, artificial intelligence and supply chains are expected to feature prominently. The PBOC set its daily midpoint at 6.7487, also its strongest since February 2023. For The Finance Chronicles, USD/CNY is an important watchpoint as currency stability could influence wider Asian markets and US-China trade negotiations.
Alexander
Alexander is a veteran of the currency markets with over 15 years of experience in institutional trading and risk management. He specializes in the intersection of macroeconomics and regulatory frameworks.
