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The offshore yuan weakened to about 6.79 per dollar in June, reversing two months of gains. A stronger dollar, softer-than-expected PBoC fixings and safe-haven demand drove the move.
China's manufacturing PMI rose to 50.3 and the non-manufacturing PMI to 50.2.
Persistent PBoC weakness signals tolerance for gradual yuan depreciation, which tends to raise the yuan cost of dollar-priced commodity imports and modestly soften Chinese demand at current prices.
tradingeconomics.comCzyrill Jean ColomaJun 30, 2026After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% 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.
