China's yuan strengthens as Beijing signals approval

seekingalpha.com

The yuan is strengthening against the dollar, with both offshore and onshore rates appreciating significantly in recent years and continuing this trend in 2026. Beijing appears to be tolerating or encouraging this upward movement, as indicated by the People's Bank of China's daily reference rate being set at its lowest point since March 2023. This gradual appreciation of the yuan has been ongoing, with notable gains in 2025 and continued momentum into the current year.


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China's yuan strengthens as Beijing signals approval | News Minimalist