◂ Event Timeline

May 25, 2026MACROChina

China's yuan advances to 3-year high as investors weigh prospects of US-Iran deal - Markets

The onshore yuan rose to 6.7803 per dollar, its strongest level since February 2023, as the dollar fell on hopes of a US-Iran deal to reopen the Strait of Hormuz. The PBOC also set its midpoint at 6.8318, the firmest fixing since February 2023.

WHY IT MATTERS

A stronger yuan lowers the local cost of imported soybeans and meal, which can support Chinese buying. Weakness in the dollar also tends to lift dollar-priced commodities.

AFFECTSChinese Yuan (CNY per USD)▼

SOURCE
brecorder.comReutersMay 25, 2026

Price reaction & history

Chinese Yuan (CNY per USD)▼bearishSO FAR1d -0.1%5d -0.4%20d -0.1%

After 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.

Aug 29, 2023China’s yuan firms in tight range as investors await key economic data - Markets - Business Recorder+0.2%
May 31, 2021China lifts yuan midpoint to new 3 year high, basket index at highest since 2016 - Markets - Business Recorder+0.5%
Jun 16, 2022China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder-0.2%
Oct 28, 2025Yuan hits 1-year high on upbeat stocks, trade deal hopes - Markets - Business Recorder+0.2%
Oct 10, 2024China’s yuan inches higher as PBOC support offsets dollar strength - Markets - Business Recorder+0.6%

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.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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