Chinese Yuan Surpasses 6.7 Against USD, Analysts Predict Stable Trend

The onshore and offshore Chinese Yuan (CNY) broke through the 6.70 level against the US dollar on September 18, reaching their highest points since February 2023. Wang Qing, chief macroeconomic analyst at Golden Credit Rating, expects the currency to maintain a stable and firm trend for the remainder of the year. Analysts anticipate the exchange rate will fluctuate between 6.7 and 6.9 through the end of the year, likely following a pattern of initial appreciation followed by stabilization.