Yuan Hits 3-Year High Against US Dollar As Global Banks See More Gains Ahead
Last Updated:May 21, 2026, 5:40 PM IST The People’s Bank of China fixes the yuan’s midpoint at 6.8349 per dollar on Thursday, its strongest fixing since February 2023. The yuan has been gradually appreciating in value since last year, helped by strong Chinese exports and improving investor sentiment towards China. The Chinese yuan is gaining…