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The offshore yuan rose 0.4% to 6.8591 per dollar, extending a four-day rally to nearly 1%. Policymakers announced a package of support measures, including looser mortgage rules for first-home buyers and easier developer borrowing, to shore up the Covid-hit economy.
The currency has recovered about 7% since its record low on October 25.
Broad Chinese stimulus supports growth expectations and import demand, while yuan strength lowers the dollar cost of imports. USD/CNY is trending lower.
businesstimes.com.sg2023年1月6日在过去 50 次看跌的政策事件之后，人民币(每 USD 的 CNY) 在 5 个交易日内中位数变动 -0.1%（46% 上涨；中间一半区间为 -0.4% 至 +0.4%），20 个交易日内为 -0.0%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Property and developer support measures spurred yuan buying and extended a four-day rally of nearly 1%, contributing to the drop in USD/CNY.
