BeijingThe central bank set the yuan fixing weaker at 6.7146.
China is slowing appreciation while the US and EU press for a stronger yuan.
The offshore yuan hit about 6.645 per dollar, its strongest since June 2022, after Friday’s fixing of 6.7138.
Barclays analysts say the bank is managing the pace, not the direction, with the yuan up around 5% in 2026.
ANZ’s Xing Zhaopeng expects 6.6 per dollar by year-end, with December’s G20 summit in Miami the pressure point.
How each outlet framed it
- South China Morning Post
- reads the weaker fixing as caution over pace, citing ANZ and Barclays' 'managing the pace, not the direction' view
Sources: South China Morning Post