Yuan Climbs Past 7 Per Dollar Onshore for First Time Since 2023

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Why This Matters

The yuan has surpassed the 7-per-dollar level in the onshore market for the first time since 2023, indicating China's willingness to allow further currency appreciation.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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The yuan strengthened beyond the key 7-per-dollar level in the more tightly controlled onshore market for the first time since 2023, signaling China’s comfort with further currency appreciation.

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Original article published by Bloomberg on December 30, 2025.
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