The exchange rate of the Chinese yuan against the dollar rose to its highest since June 2022 against the backdrop of a drop in US Treasury yields and oil prices, reports Reuters. Before trading opened, the People's Bank of China set the median rate at 6.7162 yuan per dollar, which was the strongest value since February 2023. In the spot market, the exchange rate reached 6.6682 yuan to the dollar on the eve of the meetings of the Federal Reserve, the ECB and the Bank of Japan, as well as the Central Committee of the Communist Party of China.

The exchange rate of the Chinese yuan against the dollar rose to its highest since June 2022 against the backdrop of a drop in US Treasury yields and oil prices, reports Reuters. Before trading opened, the People's Bank of China set the median rate at 6.7162 yuan per dollar, which was the strongest value since February 2023. In the spot market, the exchange rate reached 6.6682 yuan to the dollar on the eve of the meetings of the Federal Reserve, the ECB and the Bank of Japan, as well as the Central Committee of the Communist Party of China.