The yuan has hit its highest since mid-October 2022 (using its trade-weighted value)
In any case, it doesn't change the line in the sand for USD/CNY currently at least. The pair is continuing to knock on the door of the 7.30 mark since two weeks ago and is keeping thereabouts still. For now, that seems to be where the PBOC is drawing the line as it looks to conjure up a game plan against Trump's tariffs.
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