📰 ET Markets 🟢 BULLISH 🕒 13 Oct 2026, 10:21 AM IST

Global Market: China's yuan holds near 3-year high despite strong dollar; PBOC fixing supports currency

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Global Market: China's yuan holds near 3-year high despite strong dollar; PBOC fixing supports currency

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Market & Financial Impact: China’s yuan remained near a three-year high against the dollar, supported by central bank guidance and strong foreign exchange settlement. However, elevated US Treasury yields and geopolitical tensions limited gains. The PBOC set its strongest midpoint since February 2023, while analysts expect modest appreciation amid trade surpluses and policy uncertainty.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

The yuan is likely to remain range-bound in the near term as investors await clearer signals on the US Federal Reserve's interest-rate trajectory.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

Global Market: China's yuan holds near 3-year high despite strong dollar; PBOC fixing supports currency

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