Story perspectives

Yuan Strengthens to 15-Month High Amid U.S. Dollar Weakness

12/29/2025

Summary

Story summary

China’s central bank set the yuan's daily reference rate at 7.0331 per U.S. dollar, its strongest level in 15 months.
The offshore yuan briefly surpassed the seven-per-dollar mark last week.
Analysts attribute the strength to U.S. dollar weakness and seasonal factors such as year-end foreign-exchange conversions by exporters.
U.S. President Donald Trump urged the Federal Reserve to consider rate cuts, saying the next Fed chair could pursue a rate-cutting cycle if market conditions are favorable.

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Story summary

China’s central bank set the yuan's daily reference rate at 7.0331 per U.S. dollar, its strongest level in 15 months.
The offshore yuan briefly surpassed the seven-per-dollar mark last week.
Analysts attribute the strength to U.S. dollar weakness and seasonal factors such as year-end foreign-exchange conversions by exporters.
U.S. President Donald Trump urged the Federal Reserve to consider rate cuts, saying the next Fed chair could pursue a rate-cutting cycle if market conditions are favorable.