Why China’s Yuan Is Forecast to Keep Strengthening Against the US Dollar

Why China’s yuan is forecast to keep strengthening against the US dollar

A resilient domestic economy and US debt fears could see the Chinese currency appreciate further, analysts say.

The Renminbi Hits 2025 High Versus US Dollar - China Last Night

Key News Asian equities were mixed overnight, as Pakistan outperformed and Taiwan underperformed, as the US dollar weakened. Hong Kong struggled with a sell-off into the close, despite the US dollar weakness. The end of day downdraft could have been driven by quarterly and monthly rebalances, though it is hard to say for sure. Yes, Hong Kong-listed stocks are denominated in Hong Kong dollars, which are pegged to the US dollar. However, the under…