Advertise
China’s Yuan Hits 44-Month High Ahead Of Trump-Xi Summit
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
China’s yuan strengthened to 6.6957 per dollar Monday, its strongest level since January 2023, as the People’s Bank of China eased its longstanding grip on the currency’s appreciation. For nearly a year, Beijing had deliberately set its daily reference rate weaker than markets wanted, capping the yuan’s rise. That restraint loosened sharply this month, just days before President Xi’s visit to Washington. The yuan is now up roughly 10% since April 2025, when US tariffs on China first took effect. Goldman Sachs said Chinese policymakers “should continue to feel comfortable allowing sustained but gradual currency appreciation” with the summit on the calendar, while OCBC noted some of the recent move likely reflects deliberate policy management rather than pure market forces.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
