FINANCE

Yuan Extends Rally Despite Strong Dollar

Published: Apr. 8, 2026 1:27 p.m. GMT+8

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China’s yuan strengthened against the U.S. dollar Tuesday, extending its yearlong appreciation despite a rally in the greenback.

The onshore yuan rose 206 pips to 6.8597 at the close of the first trading day after the Qingming Festival holiday. It has gained about 6% since April 2025.

Yuan Strengthens

The move stands out as the U.S. Dollar Index has climbed more than 2% since March, while the yuan has appreciated about 1.4% over the same period.

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Explore the story in 30 seconds

China's onshore yuan rose 206 pips to 6.8597 Tuesday, up 6% since April 2025 despite USD index +2% since March.
Yuan gained 1.4% vs USD and 2% vs CFETS RMB basket over same period.
Analysts note pressure on energy importers from high oil/LNG prices; China's surplus may support yuan long-term.

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