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Nomura targets USD/CNH at 6.55 by end-October, citing Chinese exporters converting dollar revenues into yuan. June's FX settlement surplus was $81.8 billion, the largest since December 2025.
Sustained corporate yuan buying supports a stronger currency, which lowers China's dollar costs for imported feed and can modestly support Chinese buying power.
exchangerates.org.ukDave TaylorJul 28, 2026After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
