China's Yuan Near 3-Year High Supported by PBOC Fixing
China's yuan stayed close to a three-year high against the US dollar, supported by the People's Bank of China (PBOC) setting its strongest midpoint since February 2023 and strong foreign exchange settlements. However, gains were limited by high US Treasury yields and geopolitical tensions. Analysts anticipate modest yuan appreciation amid trade surpluses and policy uncertainties.
ET Markets·



