TOKYO — As 2025 closes and 2026 approaches, one of the biggest global economic and financial questions is the future trajectory of the Chinese yuan. More to the point, what might President Xi Jinping ...
TOKYO — As 2025 closes and 2026 approaches, one of the biggest global economic and financial questions is the future trajectory of the Chinese yuan. More to the point, what might President Xi Jinping be willing to do to increase the currency’s global popularity?
In the homestretch of this year, there are signs that Xi’s inner circle is worried that the yuan is rising too fast. Earlier this week, the People’s Bank of China set its yuan fixing rate at 7.0733 per US dollar, between 164 and 179 pips below the average of Bloomberg and Reuters surveys.
The PBOC’s range for yuan moves is 2% on either side. And at the moment, market expectations are that the Chinese currency will move lower, which is the most pronounced since early 2022.
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Tagged: at, ATPlus, China, China Economy, People's Bank of China, Strong Yuan, Yuan internationalization, Yuan Reserve Currency
