USD/CNY fix below 6.80 guides RMB appreciation
The USD/CNY fix below 6.80 indicates policymakers are comfortable with further RMB gains.
This is the first such level since February 2023.
The stronger fix suggests managed appreciation of the RMB.
Yuan Gains After Stronger Fix
USD/CNY fix below 6.80 guides RMB appreciation The USD/CNY fix below 6.80 indicates policymakers are comfortable with further RMB gains. This is the first such level since February 2023. The stronger fix suggests managed appreciation of the RMB.