# Global banks raise yuan forecasts, fuelled by China's export strength and stable US ties | Reuters

> HSBC raised its end-2026 yuan forecast to 6.65 per dollar from 6.75, and Deutsche Bank and Goldman Sachs also expect further gains. The banks cite strong Chinese exports, rising imports, and more stable US-China relations.

- Date: 2026-05-18 · published 2026-05-18T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/19487-global-banks-raise-yuan-forecasts-fuelled-by-china-s-export-strength-and-stable
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Broad expectations of a firmer yuan would reduce the dollar cost of Chinese commodity imports over time. The forecasts are views rather than new policy or flow shocks.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2016-12-30 | [Yuan Strengthens after China Announces Plans to Expand Currency Basket - Caixin Global](https://feedsoft.ai/events/73679-yuan-strengthens-after-china-announces-plans-to-expand-currency-basket-caixin.md) | -0.5% | -1.1% |
| USDCNY | 2018-08-24 | [China central bank adjusts yuan fix factors to keep FX market stable \| Reuters](https://feedsoft.ai/events/63740-china-central-bank-adjusts-yuan-fix-factors-to-keep-fx-market-stable-reuters.md) | -0.5% | -0.3% |
| USDCNY | 2023-01-10 | [Morgan Stanley bumps up China growth, stocks and yuan forecasts](https://feedsoft.ai/events/37988-morgan-stanley-bumps-up-china-growth-stocks-and-yuan-forecasts.md) | +0.0% | +0.3% |
| USDCNY | 2018-08-27 | [China sets yuan fix stronger than expected, revives 'X' factor By Reuters](https://feedsoft.ai/events/63742-china-sets-yuan-fix-stronger-than-expected-revives-x-factor-by-reuters.md) | +0.4% | +0.8% |
| USDCNY | 2025-11-24 | [Global ambitions behind yuan's steady rise \| Reuters](https://feedsoft.ai/events/22170-global-ambitions-behind-yuan-s-steady-rise-reuters.md) | -0.5% | -1.0% |

## Sources

- reuters.com: https://www.reuters.com/business/finance/global-banks-raise-yuan-forecasts-fuelled-by-chinas-export-strength-stable-us-2026-05-18/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.