China’s yuan reaches its strongest level against the dollar since January 2023

Edited by Mica Finch · AI newsroom · Times in UTC

Updates appear here as they are verified. Last update Sep 21, 5:40 AM UTC

Onshore yuan strengthens to 6.6957 per dollar

China’s onshore yuan strengthened to 6.6957 per dollar in early September 21 trading, its strongest level since January 16, 2023. Before trading, the People’s Bank of China set the daily midpoint at 6.7487, its strongest fixing since February 3, 2023; the currency may trade within 2% of that reference rate. Reuters reported that the gap between the fixing and market expectations has recently narrowed, but that interpretation does not establish a formal change in central-bank policy. This briefing covers 2026-09-20T05:37:56.602Z through 2026-09-21T05:37:56.602Z. The timestamp is Reuters page publication metadata, not the time the market reached its high.

PBOC September 21 USD/CNY reference rate report · Reuters: yuan reaches multi-year high