Onshore Yuan Strengthens After PBOC's Currency Fixing at 14-Month High -- Market Talk

Dow Jones12-11

0214 GMT - The onshore yuan strengthens against the U.S. dollar in the morning Asian session after the PBOC set the currency's fixing at a 14-month high. A much stronger or weaker fixing is typically perceived to be a signal from China's central bank. The greenback's weakness has also been aided by the markets brushing off the Fed's cautious tone to bet on further rate cuts, analysts at CIMB's Treasury and Markets Research say in a commentary. PBOC set CNY fixing at 7.0686 versus USD today, the highest since October 2024, according to CFETS data. USD/CNY is down 0.05% at 7.0609 after earlier touching 7.0602, the lowest intraday level since October 2024, FactSet data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

December 10, 2025 21:14 ET (02:14 GMT)

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