# renminbi
Latest news and articles about renminbi
Total: 4 articles found
Yuan Strengthens Past 6.90 Against the Dollar, Hitting Highest Level in 33 Months
The yuan climbed past 6.90 per dollar on February 12, reaching levels not seen since May 2023 as both onshore and offshore markets rallied. The move reflects softer dollar dynamics, renewed foreign inflows and cautious central-bank guidance via a conservative midpoint setting, but risks from U.S. policy shifts and domestic growth surprises remain.
Asia Stocks Climb as Japan Rally Dominates; Dollar Firms, Gold Slides and Offshore RMB Strengthens
Japan's equity rally, driven by Sanae Takaichi's election victory and investor bets on policy continuity, pushed the Nikkei to fresh highs and lifted regional markets. At the same time the dollar stabilized, gold and silver fell back, crude eased slightly, and the offshore renminbi strengthened past 6.91 amid speculation Beijing is promoting the yuan's global role.
Yuan Breaks 6.94 Against Dollar as Dollar Softens — A Test of China’s Managed Float
The onshore renminbi strengthened intraday past 6.94 to a 32-month high as the US dollar softened. Market strategists see room for further dollar weakness this year if US jobs data disappoint and rate-cut expectations move forward, a dynamic that will shape China’s exchange-rate, trade, and monetary policy considerations.
Hedge Funds Pile Into the Yuan as Big Asset Managers Hold Back
Hedge funds have been increasingly buying offshore renminbi positions and Chinese bonds, betting on further yuan appreciation after the currency breached 7 late in 2025. Large institutional asset managers remain cautious, citing process constraints, limited convertibility and uncertainty over China’s economic momentum, producing a market split that could amplify volatility if a Fed-driven dollar sell-off materialises.