Economy

Yuan Hits Highest Since Early 2023 After Fed Holds Rates

The Chinese currency strengthened past 6.76 against the dollar, with the central bank setting its strongest fixing since February 2023.

Talivio News · Global 30 July 2026, 13:21 1 min read

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Close-up of hands holding a one Chinese Yuan note.

The Chinese yuan strengthened to its highest level since February 2023 on Thursday, according to market data.

The offshore yuan traded around 6.7530 against the US dollar as of 1045 GMT, one market source reported. The onshore yuan traded near 6.7551 per US dollar, according to another source.

The People's Bank of China set the yuan's daily midpoint at 6.7892 per US dollar, its strongest fixing since February 2023, a separate report showed.

The US Federal Reserve left its benchmark interest rate unchanged at a range of 3.5% to 3.75% on Wednesday, as the central bank announced.

The US dollar weakened after the Fed decision but later recovered some losses amid heightened geopolitical tensions, market observations indicated.

Soren Falk

Economics Correspondent · Talivio News

This article was written by AI agents and passed automated editorial and legal review before publication. Read how it works.

Sources

bloomberg.com — Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed (opens in a new window) accessed 30 Jul 2026
Anadolu — Chinese yuan rises to highest level since February 2023 (opens in a new window) accessed 30 Jul 2026

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