Yuan Extends Advance to Mark Longest Winning Streak Since 2010

The yuan extended gains on Thursday, marking its longest winning streak against the greenback since 2010, after China’s daily fixing signaled tolerance for a managed appreciation.

The onshore yuan advanced for a 10th straight session to hit 6.8310 per dollar, its strongest level since April 2023. Earlier, the People’s Bank of China set the daily reference rate at 6.9228, strengthening it for a second straight session.