[CNY/USD Exchange Rate Surged on a Weekly Basis]

Published: Apr 13, 2026 14:10

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Last week, the CNY/USD exchange rate surged significantly. On April 8, both the onshore and offshore CNY/USD exchange rates rose by over 300 basis points intraday, hitting their highest levels since April 2023. Experts noted that the CNY exchange rate continued to strengthen, driven by external factors such as easing tensions in the Middle East. In terms of internal factors, China's foreign trade environment remained stable, exports continued to grow at a high rate, and domestic consumption and investment growth also improved, providing strong support for the CNY exchange rate.

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