The yuan continued to appreciate against the US dollar, reaching 6.6665. It had been trading at around 6.6674 during the morning Asian session, while USD/CNY was around ¥23.70, with the trend of a stronger yuan and weaker yen continuing.
The yuan appreciated against the US dollar in overseas markets yesterday, with USD/CNY reaching around 6.6665. It is trading near its lowest levels since 2022.
During this morning’s Asian session, USD/CNY was around 6.6674. The yuan’s appreciation trend has paused, but the yuan remains at strong levels. Against the yen, CNY/JPY was trading at around ¥23.68.