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Hwabao WP Cash Profit-Added Exchanged Money Market Fund-A
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Yuan heads for longest weekly winning streak since June

China's yuan is on track for its fourth consecutive weekly gain, the longest streak since June, reaching a 14-month high. Analysts expect the yuan to test the 7.0 level in early 2026 due to factors like a dovish Fed and PBOC's policies. The PBOC set the midpoint rate at its strongest since September 2024, allowing some appreciation. U.S. inflation data showed less-than-expected rise, but analysts question its accuracy due to data collection issues.

Reuters·
Reuters·

PBOC is expected to set the USD/CNY reference rate at 7.0378 – Reuters estimate

The People's Bank of China is expected to set the USD/CNY reference rate at 7.0378, a key signal in Asian forex markets. The PBOC's daily fixing influences the yuan's trading band, allowing for a 2% movement from the midpoint. This rate reflects broader economic factors and can indicate policy intentions regarding currency stability and market expectations.

Investinglive·
Investinglive·

China PBOC expected to set yuan mid-point at 7.0378 per dollar

China PBOC expected to set yuan mid-point at 7.0378 per dollar

marketscreener·
marketscreener·

Major currencies little changed, eyes on US data

Major currencies remain stable with the dollar holding steady. The Chinese yuan is strong, impacting USD/CNY, while EUR/USD is near 1.1750 due to large option expiries. USD/JPY tests below 155.00, a key support level. Focus is on upcoming US labor market and retail sales data, combining October and November figures, crucial for market insights post-government shutdown.

Investinglive·
Investinglive·
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