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The Chinese Yuan has strengthened to 6.91 against the US Dollar, the strongest since May 2023.
The Yuan is now on track for its 7th consecutive monthly gain, the longest streak since 2020-2021, up+5% since 2025.
It has also been the 3rd-best-performing currency in Asia since September.
The most recent move comes after Chinese regulators advised banks to limit purchases of US Treasuries and instructed those with high exposure to pare down positions.
China is benefiting from the US Dollar's weakness.