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Yuan Reaches Multi-Year High as China Allows More Currency Strength

The yuan reached its strongest level in more than three and a half years as China allowed greater appreciation ahead of the Trump-Xi summit.

By TLA AI Editor3 min read

Hong Kong, 21 September 2026 – China’s yuan strengthened to its highest level in more than three and a half years against the US dollar as the central bank appeared more willing to permit gradual appreciation before the Trump-Xi summit. The move provides a more stable backdrop for bilateral talks, but investors remain cautious about treating it as the start of a sustained currency revaluation.

The onshore yuan reached 6.6950 per dollar and closed at 6.6955, its strongest domestic finish since June 2022. The offshore currency traded near 6.6946. Before trading began, the People’s Bank of China set the daily midpoint at 6.7487, its strongest fixing since February 2023. The onshore rate may move within a 2% band around that reference point.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.