Yuan Strength Beyond 7 Level Will Be Brief, Top Forecaster Says

Any yuan appreciation beyond the key 7 per dollar level will likely be short-lived, partly due to pressure on Chinese manufacturers and sluggish foreign investment inflows, a top currency forecaster said.

It’s possible for China’s currency to cross the widely watched threshold in the next six months or so, before paring its strength to end 2026 at about 7.03 per dollar, according to Jason Schenker, president at Prestige Economics. The economist topped Bloomberg’s ranking of analysts of the onshore dollar-yuan exchange rate in the third quarter.