Press "Enter" to skip to content

Updated: Chinese yuan hit 16-month high amid economic recovery, rallied nearly 4,000 pips since late May


The Chinese yuan hit the strongest level in 16 months against the US dollar, as the world’s second-largest economy continued to recover from the coronavirus pandemic.

The People’s Bank of China (PBOC) raised the yuan’s fixing by 397 pips to 6.7825 per US dollar on Wednesday, the strongest level since May 2019 and the biggest raise since April this year.

The yuan strengthened sharply in both offshore and onshore trading . . .

To continue reading, please subscribe. You will get


  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE - Up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information about China is everywhere, but information with details and relevant to your investment is rare. 


FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In