China’s yuan firms past 6.9 per US dollar for first time in 33 months
China’s yuan climbed past the psychologically important 6.90 per dollar mark for the first time in 33 months on Thursday, buoyed by heavy corporate demand for the currency before the Lunar New Year and firmer sentiment toward Chinese assets. The onshore yuan rose to 6.8998 per dollar and its offshore counterpart to 6.8966, their strongest since May 4, 2023. Companies, particularly exporters, typically need yuan ahead of the long Lunar New Year holiday to meet various obligations such as employee wages, supplier payments and bonuses. The week-long holiday runs from February 15 to 23 this year.
MEUSDT
Perp
0.1887
+39.67%
$TAKE
TAKEUSDT
Perp
0.04113
+39.51%
$BTR
BTRUSDT
Perp
0.14176
+52.77%