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China’s Yuan Rises to Highest Level Against Basket Since 2022

China’s Yuan Rises to Highest Level Against Basket Since 2022
Bloomberg Markets Tuesday 02 June 2026, 02:18 UTC By Jacob Gu 1 min read
Key Points

Currencies China’s Yuan Rises to Highest Level Against Basket Since 2022 China’s yuan has strengthened to its highest level in nearly four years versus a basket of trading-partner currencies, underscoring the appeal of Chinese assets as a regional haven during the Iran conflict. The Bloomberg-simulated real-time CFETS basket index rose to 101.41 on Tuesday, data showed, the highest since September 2022, extending gains for a third straight session.

Currencies China’s Yuan Rises to Highest Level Against Basket Since 2022 China’s yuan has strengthened to its highest level in nearly four years versus a basket of trading-partner currencies, underscoring the appeal of Chinese assets as a regional haven during the Iran conflict. The Bloomberg-simulated real-time CFETS basket index rose to 101.41 on Tuesday, data showed, the highest since September 2022, extending gains for a third straight session.
China (LOCATION) Yuan Rises (PERSON) Chinese (ORG) Iran (LOCATION) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →

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