Chinese Yuan Could Rise Further as PBOC Shows Little Pushback -- Market Talk

Dow Jones01-05

1032 GMT - The Chinese yuan has scope to rise further after hitting its highest level against the dollar since May 2023 earlier, ING economist Lynn Song says in a note. The People's Bank of China has showed little pushback to the pace of the yuan's appreciation versus the dollar, he says. The narrowing of the U.S.-China yield spread could have further to go this year as interest-rate cuts by the Federal Reserve are likely to outpace PBOC rate cuts, he says. China's strong trade surplus also favors yuan strength. ING lowers its forecast for the dollar-yuan fluctuation band in 2026 downward to 6.85-7.25. The dollar falls 0.1% to 6.9898 yuan after reaching a low of 6.9774 earlier. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

January 05, 2026 05:32 ET (10:32 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2601000247?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-05 18:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2601000247","market":"sh","top_or_hot":-1,"title":"Chinese Yuan Could Rise Further as PBOC Shows Little Pushback -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1032 GMT - The Chinese yuan has scope to rise further after hitting its highest level against the dollar since May 2023 earlier, ING economist Lynn Song says in a note. The People's Bank of China has showed little pushback to the pace of the yuan's appreciation versus the dollar, he says. The narrowing of the U.S.-China yield spread could have further to go this year as interest-rate cuts by the Federal Reserve are likely to outpace PBOC rate cuts, he says. China's strong trade surplus also favors yuan strength. ING lowers its forecast for the dollar-yuan fluctuation band in 2026 downward to 6.85-7.25. The dollar falls 0.1% to 6.9898 yuan after reaching a low of 6.9774 earlier. (renae.dyer@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2026 05:32 ET (10:32 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Yuan Could Rise Further as PBOC Shows Little Pushback -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese Yuan Could Rise Further as PBOC Shows Little Pushback -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-05 18:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1032 GMT - The Chinese yuan has scope to rise further after hitting its highest level against the dollar since May 2023 earlier, ING economist Lynn Song says in a note. The People's Bank of China has showed little pushback to the pace of the yuan's appreciation versus the dollar, he says. The narrowing of the U.S.-China yield spread could have further to go this year as interest-rate cuts by the Federal Reserve are likely to outpace PBOC rate cuts, he says. China's strong trade surplus also favors yuan strength. ING lowers its forecast for the dollar-yuan fluctuation band in 2026 downward to 6.85-7.25. The dollar falls 0.1% to 6.9898 yuan after reaching a low of 6.9774 earlier. (renae.dyer@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2026 05:32 ET (10:32 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PBOC","symbol_name":"PGIM S&P 500 Buffer 20 ETF - October","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2601000247","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601000247","pubTimestamp":1767609120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1032 GMT - The Chinese yuan has scope to rise further after hitting its highest level against the dollar since May 2023 earlier, ING economist Lynn Song says in a note. The People's Bank of China has showed little pushback to the pace of the yuan's appreciation versus the dollar, he says. The narrowing of the U.S.-China yield spread could have further to go this year as interest-rate cuts by the Federal Reserve are likely to outpace PBOC rate cuts, he says. China's strong trade surplus also favors yuan strength. ING lowers its forecast for the dollar-yuan fluctuation band in 2026 downward to 6.85-7.25. The dollar falls 0.1% to 6.9898 yuan after reaching a low of 6.9774 earlier. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PBOC":"PGIM S&P 500 Buffer 20 ETF - October"},"translate_title":"市场传言，由于中国人民银行几乎没有表现出任何阻力，人民币可能进一步升值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PBOC":1.5},"content_text":"1032 GMT - The Chinese yuan has scope to rise further after hitting its highest level against the dollar since May 2023 earlier, ING economist Lynn Song says in a note. The People's Bank of China has showed little pushback to the pace of the yuan's appreciation versus the dollar, he says. The narrowing of the U.S.-China yield spread could have further to go this year as interest-rate cuts by the Federal Reserve are likely to outpace PBOC rate cuts, he says. China's strong trade surplus also favors yuan strength. ING lowers its forecast for the dollar-yuan fluctuation band in 2026 downward to 6.85-7.25. The dollar falls 0.1% to 6.9898 yuan after reaching a low of 6.9774 earlier. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 05, 2026 05:32 ET (10:32 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2601000247","isCrawlerRequest":true}