CNH
CNH, USD
Offshore Yuan Remains at Over 3-Year High
The offshore yuan traded around 6.70 per dollar on Wednesday, remaining at its strongest level since January 2023 as investors increasingly turn to the currency as a funding option for carry trades. The recent surge in the yen has prompted investors to look for alternatives such as the yuan, given China’s relatively low interest rates […]
by Currency Hedger
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- 4 weeks ago
CNH, USD
Offshore Yuan Steady Near 2023 Peak
The offshore yuan held steady around 6.70 per dollar on Tuesday, remaining near its strongest level since January 2023, as strong trade data reinforced optimism over China’s external demand. Exports climbed 25.0% year-on-year to USD 401.44 billion in August 2026, accelerating from 23.9% growth in July, while imports surged 28.2% year-on-year to USD 282.4 billion, […]
by Currency Hedger
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- 4 weeks ago
CNH
Offshore Yuan Edges Lower
The offshore yuan edged lower to around 6.71 per dollar on Monday, retreating from a more than three-year high reached in the previous session as the People’s Bank of China continued to signal a more measured approach to the currency’s appreciation. The central bank set its daily midpoint at 6.7795 per dollar, 709 pips weaker […]
by Currency Hedger
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- 1 month ago
CNH, USD
Chinese Yuan Hits 3-1/2-year High
The Chinese Yuan touched 6.71 against the USD, the highest since February 2023. Over the past 4 weeks, US Dollar Chinese Yuan lost 0.49%, and in the last 12 months, it decreased 5.75%.
by Currency Hedger
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- 1 month ago
CNH, USD
Offshore Yuan Holds Decline
The offshore yuan held its decline around 6.72 per dollar on Wednesday as the US dollar strengthened amid mounting inflation concerns and growing expectations of a near-term Federal Reserve rate hike. The greenback remained firm as renewed tensions in the Middle East heightened fears of further disruptions in the Strait of Hormuz, adding to inflationary […]
by Currency Hedger
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- 1 month ago
CNH, USD
Offshore Yuan Steady
The offshore yuan steadied around 6.72 per dollar on Thursday after retreating in the previous session, as fresh industrial profit data strengthened expectations that Beijing could unveil additional policy support to bolster growth. China’s industrial profits rose 17.6% year-on-year to CNY 4.58 trillion in the first seven months of 2026, easing from an 18.7% increase […]
by Currency Hedger
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- 1 month ago