Neutral
USD/CNH rises to 6.72 as US dollar strengthens and PBOC sets weaker yuan fix
In the past 24 hours, USD/CNH has increased to 6.72, influenced by a stronger US dollar and a weaker yuan fix set by the People's Bank of China (PBOC). The PBOC's daily fixing was set at 6.7489, weaker than the previous day's 6.7468, indicating a less supportive stance for the yuan. Additionally, the US dollar index remains near a two-month high, bolstered by expectations of a Federal Reserve rate hike in October.
Key points
- PBOC sets weaker yuan fix for second consecutive day, indicating less support for CNH.
- US dollar index remains near two-month high, bolstered by expectations of Federal Reserve rate hike in October.
- Trade truce extension to January 10 does not lead to significant CNH appreciation.
Sources
- Why USD to CNH Rebounded to 6.72 as the Dollar Firmed and the PBOC Fix Softened – USDCNH CFD Analysis | Vantage MarketsVantage Markets · September 24, 2026
- USD/CNH: Consolidation with Oil and risk in focus – OCBCOCBC · March 12, 2026
- USD/CNH: Yuan strength extends lower grind – BBHBBH · February 26, 2026
- USD/CNH: Bearish momentum nears key supports – OCBCOCBC · April 9, 2026
- CNY: Range-Bound with Slight Downside Bias vs USD – UOBUOB · September 15, 2026
AI-generated from public news sources. Not financial advice.
