Aug 17 — China’s onshore renminbi spot rate breached 6.74 per dollar intraday, the strongest level since early February 2023. Offshore renminbi (CNH) also traded past 6.74 per dollar; the offshore intraday high, viewed as more reflective of international investor expectations, reached 7.3875, likewise a three-and-a-half-year peak.

2026-08-17

Aug 17 — China’s onshore renminbi spot rate breached 6.74 per dollar intraday, the strongest level since early February 2023. Offshore renminbi (CNH) also traded past 6.74 per dollar; the offshore intraday high, viewed as more reflective of international investor expectations, reached 7.3875, likewise a three-and-a-half-year peak.