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Caixin reviews the yuan's sustained appreciation since its April 2025 low of 7.35 per dollar, noting it fell below 6.8 in May 2026 and closed at 6.7960 on May 21. Forecasters expect further gains, with Goldman and Deutsche Bank lifting targets.
Continued yuan strength lowers the dollar cost of Chinese imports and may encourage purchases of dollar-priced commodities. The pace and extent of appreciation remain uncertain.
caixinglobal.comWang Shiyu, Wang LiweiMay 22, 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.
