China's Yuan Climbs Past 7 Per Dollar, First Time Since 2024

TigerDec 25, 2025 5:37 AM

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China’s yuan surpassed 7 per dollar for the first time since September 2024, as markets bet the central bank will allow gradual appreciation to boost confidence.

The offshore yuan rose 0.1% to 6.9985 after the People’s Bank of China set its strongest daily reference rate since September 2024.

The yuan is on track for its best year in five years, supported by a weak dollar, stock-market inflows, and easing geopolitical tensions.

Despite gains, analysts say the yuan remains undervalued, with Goldman Sachs estimating it 25% below economic fundamentals.

Reviewed byHuanyao Fang

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