Offshore Yuan Posts Best Win Streak Since 2017 as Summit Begins

An employee counts Chinese one-hundred yuan banknotes. — An employee counts Chinese one-hundred yuan banknotes.Photographer: Xaume Olleros/Bloomberg

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May 14, 2026 at 9:11 AM UTC

The yuan recorded its longest stretch of gains against the dollar in nearly a decade in offshore trading, following positive signs from the first day of a key US-China summit.

The freely-traded offshore yuan advanced as much as 0.1% to 6.7816 per dollar Thursday, marking its strongest level since February 2023. It has gained for 11 sessions.