CNY Market Update
11 Apr 2026 • 01:08 GMT
The Chinese yuan (CNY) has recently strengthened against several major currencies. Notably, the offshore yuan hit its highest level in three months versus the US dollar, trading near 0.1465, about 1.2% above its three-month average. This follows a period of relative stability in the 2.2% range from 0.1433 to 0.1465. The yuan is also at a 90-day high versus the Japanese yen, near 23.33, supported by China's policy signals and a weaker US dollar environment.
Conversely, the CNY has seen some weakening against the euro, trading near 0.1249—just above its 30-day low—reflecting ongoing geographic trade and policy considerations. Against the pound sterling, the yuan is at a 14-day low around 0.1088, though within a stable range.
Overall, recent movements point to the yuan's moderate appreciation amid supportive Chinese policies and a softer USD, but geopolitical factors could influence the direction ahead. The market continues to watch China's economic outlook and global trade developments for signs of further change.