USD/CNHUSDCNH
Daily Market Briefing
Latest briefing
USD/CNH closes at 6.7308, down 0.19% amid hawkish Fed signals.
Over the past 24 hours, the USD/CNH exchange rate declined by 0.19%, closing at 6.7308. This movement was influenced by hawkish statements from Federal Reserve officials, which bolstered the US dollar and exerted downward pressure on the Chinese yuan.
Previous briefings
PBOC sets yuan reference rate at 6.7811, injecting 353 billion yuan into markets.
On August 28, 2026, the People's Bank of China (PBOC) set the yuan's daily reference rate at 6.7811 per U.S. dollar, a 29-pip increase from the previous day. To manage liquidity, the PBOC injected 353 billion yuan into the financial system through reverse repos. These actions aim to stabilize the yuan amid global market fluctuations.
USD/CNH edges higher amid US dollar rebound and PBoC's gradual appreciation stance.
Over the past 24 hours, USD/CNH has seen a slight increase, influenced by a broader US dollar rebound and firmer US Treasury yields. The People's Bank of China (PBoC) continues to favor a gradual appreciation of the yuan, maintaining a controlled pace to avoid rapid strengthening. Geopolitical tensions, particularly concerning Iranian oil and potential secondary sanctions, have introduced additional volatility to the Renminbi.
USD/CNH dips to 6.7166 amid bearish momentum; 6.7000 eyed next.
Over the past 24 hours, the USD/CNH currency pair has experienced a decline, reaching a low of 6.7166. Analysts attribute this movement to increasing bearish momentum and anticipate further depreciation toward the 6.7000 level if the downward trend continues.
USD/CNH retreats from 3½-year high as PBOC sets midpoint at 6.7852.
The Chinese yuan pulled back from a 3½-year peak against the U.S. dollar after the People's Bank of China (PBOC) set its daily midpoint at 6.7852, 633 pips below market expectations. This intervention suggests the PBOC's intent to temper the yuan's appreciation. Despite this, the broader trend remains bullish for the yuan, with the USD/CNH trading near recent lows.
US set to impose 7.5% tariff on Chinese goods; USD/CNH reacts.
The U.S. has announced a 7.5% tariff on Chinese goods, intensifying trade tensions and exerting downward pressure on the Chinese yuan. The People's Bank of China (PBoC) has signaled a preference for gradual yuan appreciation, but the new tariffs may challenge this approach.
USD/CNH drops to 6.7193, nearing three-year low amid U.S. debt concerns.
The USD/CNH pair declined to 6.7193, approaching a three-year low, as the U.S. Treasury's plan to buy back more long-term bonds raised concerns about the dollar's strength. This move has intensified bearish sentiment towards the U.S. dollar, impacting the USD/CNH exchange rate.
USD/CNH remains stable amid U.S. Treasury's bond buyback plan and global currency movements.
Over the past 24 hours, the USD/CNH exchange rate has remained relatively stable. The U.S. Treasury's announcement to expand buybacks of long-term government bonds has led to a decline in the U.S. dollar, reaching a three-month low against the euro. However, this development has not significantly impacted the USD/CNH pair. Additionally, the People's Bank of China's (PBOC) recent tightening of offshore liquidity conditions has not yet led to notable fluctuations in the USD/CNH exchange rate.
USD/CNH holds steady at 6.7206 amid China's cautious policy stance.
Over the past 24 hours, the USD/CNH exchange rate has remained relatively stable, closing at 6.7206 on August 21, 2026. This stability reflects China's measured policy approach, with the People's Bank of China (PBoC) opting for a "watchful stability" strategy rather than aggressive interventions. The market is closely monitoring these policy signals, as they may influence future currency movements.
USD/CNH remains stable at 6.7382 amid PBoC's deliberate policy management.
Over the past 24 hours, the offshore yuan (USD/CNH) has maintained a narrow trading range, closing at 6.7382. This stability reflects the People's Bank of China's (PBoC) active management of the currency, aiming to prevent excessive appreciation despite a weaker U.S. dollar. The PBoC's daily midpoint fix has been set firmly on the stronger side of market expectations, signaling discomfort with sharp depreciation.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains relatively stable, with no major economic indicators or geopolitical events influencing the exchange rate.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains relatively stable, with no major economic data releases or geopolitical events impacting the exchange rate.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH exchange rate. The market remains relatively stable, with no major economic events or policy announcements impacting the currency pair.
No significant USD/CNH market developments in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains relatively stable, with no major news or events influencing its movement.
No significant USD/CNH market developments in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains stable, with no major news or events influencing its movement.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains stable, with no major economic indicators or geopolitical events influencing the exchange rate.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no notable developments affecting the USD/CNH currency pair. The market remains stable, with no significant price movements or news events impacting the exchange rate.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. Traders should monitor upcoming economic indicators and central bank communications for potential market-moving events.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. Traders should monitor upcoming economic data releases and central bank events for potential market-moving information.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains in a holding pattern, awaiting upcoming economic data releases and potential policy announcements.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. Traders should monitor upcoming economic data releases and central bank events for potential market-moving information.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains relatively stable, with no major economic data releases or geopolitical events influencing the exchange rate.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. Traders should monitor upcoming economic data releases and central bank events for potential market-moving information.
No significant USD/CNH market developments in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains stable, with no major news or events influencing its movement.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains in a holding pattern, awaiting upcoming economic indicators and potential policy announcements.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains in a holding pattern, awaiting upcoming economic data releases and potential policy announcements.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains relatively stable, with no major economic data releases or geopolitical events impacting the exchange rate.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains relatively stable, with no major economic indicators or geopolitical events influencing the exchange rate.
No significant USD/CNH market developments in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. The market remains stable, with no major news or events influencing its movement.
No significant market-moving news for USD/CNH in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the USD/CNH currency pair. Traders should monitor upcoming economic data releases and central bank events for potential market-moving information.
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AI-generated from public news sources. Not financial advice.