Beijing, 24 June 2026 – China weakened its daily yuan fixing for a fourth consecutive session as the US dollar advanced, signalling Beijing’s willingness to allow controlled currency softness while managing pressure from stronger greenback demand and shifting global rate expectations.
The People’s Bank of China set the yuan midpoint at 6.8171 per US dollar, its weakest level since June 8. The move came as the offshore yuan traded near a two-week low, reflecting broader pressure across Asian currencies after investors increased bets that the United States Federal Reserve may keep policy tighter for longer.
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