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

Economic Times 13 October 2026 at 06:51 am 1 min read 1 views Read Original
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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