Chinese Yuan hits strongest level since Apr 2023 amid domestic recovery and global factors

Source: Mysteel Feb 26, 2026 11:55

On February 25, both onshore and offshore Chinese Yuan's exchange rates surged past 6.87 per US dollar, hitting their highest levels since April 2023, as China's strong domestic economic recovery and easing external pressures fueled investor confidence in the Yuan.

Since the reopening of the market on February 24 after the Chinese New Year (CNY) holiday, the Yuan has appreciated by more than 400 pips (percentage in points) against the US dollar. On February 25, the Yuan's daily fixing against the US dollar was set at 6.9321, an appreciation