Can the RMB exchange rate stabilize within the "6 yuan range"?

robot
Abstract generation in progress

In the foreign exchange market, China’s currency, the Renminbi, is appreciating. On January 5th, the RMB to USD exchange rate reached around 6.97 yuan per dollar, marking the highest appreciation of the RMB and depreciation of the dollar in 2 years and 8 months. The continuously accumulating trade surplus and other factors have created pressure to sell dollars and buy RMB. To prevent an economic slowdown, Chinese authorities have shown restraint in allowing the RMB to appreciate.

Annual trade surplus first exceeds $1 trillion

On December 30, 2025, the RMB temporarily appreciated to 6.9870 yuan per dollar, breaking the important 7-yuan threshold and accelerating the appreciation. This was the first time since May 2023 that the RMB broke through the 7-yuan mark. On January 5, 2026, it further appreciated to 6.9770 yuan per dollar.

During the peak of China-U.S. trade tensions in mid-2025, the RMB exchange rate fell to 7.3518 yuan per dollar, reaching a 17-year and 4-month low. After China and the U.S. reached an agreement to reduce tariffs in May 2025, the RMB began to recover, rising 5% from the April lows.

Click here to continue reading and visit Nikkei Chinese Web

Japan Economic News Agency and The Financial Times merged in November 2015 to form the same media group. The alliance, formed by two newspapers from Japan and the UK founded in the 19th century, is committed to “high-quality, most powerful economic news” and promotes collaboration across various fields, including special features. As part of this effort, the Chinese websites of both newspapers now exchange articles.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin