- The offshore yuan climbed as much as 0.1% to 6.6967 per dollar on Friday, the strongest level since July 2022.
- The People’s Bank of China strengthened its daily currency fixing for an eighth straight session, the longest streak since 2023.
- Broad Chinese export strength and central bank support underpinned the yuan’s advance.
Quotes
“The offshore yuan gained as much as 0.1% to 6.6967 per dollar on Friday, the strongest since July 2022.”
“The move came after the People’s Bank of China strengthened its daily currency fixing for an eighth straight session, the longest streak since 2023.”