Workflow
yuan
icon
Search documents
China’s Yuan Climbs Past 7 Per Dollar as PBOC Caves in to Bulls
Yahoo Finance· 2025-12-25 03:31
Bloomberg The yuan climbed past the psychological milestone of 7 per dollar for the first time since September 2024, on bets China’s central bank will allow gradual currency appreciation to boost market confidence. The offshore yuan gained as much as 0.2% to 6.9964 per dollar on Thursday. The move came after the People’s Bank of China strengthened its daily reference rate to the the strongest level since September 2024. Most Read from Bloomberg The yuan is headed for its best year in half a decade aga ...