After breaking above 6.70 yuan per dollar, the RMB/USD rate edged higher on Sept. 21. Core support stems from China’s economic fundamentals—strong exports and robust FX conversion demand—keeping the yuan biased firmer. In the near term the currency is likely to remain stable-to-firmer; over the longer term two-way volatility is expected to persist.

2026-09-22

After breaking above 6.70 yuan per dollar, the RMB/USD rate edged higher on Sept. 21. Core support stems from China’s economic fundamentals—strong exports and robust FX conversion demand—keeping the yuan biased firmer. In the near term the currency is likely to remain stable-to-firmer; over the longer term two-way volatility is expected to persist.