Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Politics › Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed
Politics

Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed

Bloomberg Markets Thursday 30 July 2026, 10:03 UTC By Julia Zhong 1 min read
Key Points

Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed The yuan strengthened to its highest level in more than three years against the dollar, buoyed by the renewed weakness in the US currency and continued policy support from Chinese authorities. The onshore yuan rose as much as 0.1% to 6.7550 per dollar on Thursday, its highest level since February 2023. The offshore yuan also edged up as much as 0.1% to 6.7523.

Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed The yuan strengthened to its highest level in more than three years against the dollar, buoyed by the renewed weakness in the US currency and continued policy support from Chinese authorities. The onshore yuan rose as much as 0.1% to 6.7550 per dollar on Thursday, its highest level since February 2023. The offshore yuan also edged up as much as 0.1% to 6.7523. The People’s Bank of China set the daily fixing at 6.7892 per dollar, versus 6.7899 the previous day.
Yuan Rises (PERSON) Fed Yuan Rises (ORG) Fed The yuan (ORG) US (LOCATION) Chinese (ORG) The onshore yuan (ORG) The People’s Bank of China (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

MariaDB again faces questions over Galera's open source future

With support for MySQL Galera Cluster ending in two months, open source observers are again questioning how much of the technology's future MariaDB plc intends to keep in the community edition. The company says Galera remains a core, open source component of MariaDB while it develops separate replication capabilities for enterprise customers. In March, MariaDB, the company behind the database forked from MySQL, reversed course and announced that MariaDB Community Server 12.3 would continue...

The Register 9m ago

Trump promised a 'golden age' for agriculture. Farmers in Iowa say they're still waiting

IOWA — Farmer Aaron Lehman's health insurance premiums have more than doubled since the start of the year, after Congress decided not to extend federal subsidies after they ended. As the Iran war drags on, the cost of diesel, fertilizer and other inputs he relies on to run his Polk City farm are up. And crop prices have been concerningly low.

CNBC 25m ago

Nicaraguan leader proposes extending presidential term by another year

It is not the first time the constitution has been amended to allow Daniel Ortega, 80, to stay in power for longer.

BBC World 36m ago

Blanche’s attorney-general nomination stalls over Trump’s IRS lawsuit – US politics live

Lawmakers scrap planned committee vote and seek further assurances that president’s ‘anti-weaponization fund’ is deadSign up for the US Breaking News emailHello and welcome to the US politics live blog. Todd Blanche’s nomination to become attorney-general stalled last night as lawmakers scrapped a planned committee vote. Barack Obama, the former president who installed basketball hoop on the White House tennis court, endorsed the US Senate campaign of Iowa Democrat Josh Turek, a state...

The Guardian World 40m ago