The offshore yuan edged higher to around 7.13 per dollar on Friday, supported by a weakening greenback ahead of the August jobs report, which is expected to solidify expectations for a Fed rate cut later this month. The latest ADP data showed US labor market softening, prompting markets to fully price in a 25 bps cut in September. Meanwhile, in China, investors are closely watching next week’s trade and inflation data for further insight into the country’s economic outlook. On the monetary policy front, the central bank will conduct a CNY 1 trillion outright reverse repo operation on September 5, 2025, to maintain sufficient liquidity in the banking system. The yuan’s gains were tempered by external headwinds after Mexico revealed it is considering imposing tariffs on imports from countries lacking trade agreements—most notably China—under the "Plan Mexico." Despite Friday’s modest uptick, the yuan is set for a weekly loss, snapping a two-week streak of strong gains.
The USD/CNY exchange rate fell to 7.1328 on September 5, 2025, down 0.04% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.70%, but it's down by 0.60% over the last 12 months. Historically, the USDCNY reached an all time high of 8.73 in January of 1994. Chinese Yuan - data, forecasts, historical chart - was last updated on September 5 of 2025.
The USD/CNY exchange rate fell to 7.1328 on September 5, 2025, down 0.04% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.70%, but it's down by 0.60% over the last 12 months. The Chinese Yuan is expected to trade at 7.14 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.20 in 12 months time.