The offshore yuan was little changed at around 7.21 per dollar, trading within a tight range near two-month lows as investors digested a raft of mixed economic data. April’s retail sales growth slowed and fell short of expectations, underscoring persistent concerns about fragile consumer demand. However, industrial output beat forecasts but slowed from March’s pace, while the unemployment rate edged down, offering a modest sign of labor market stability. Markets also turned cautious as China described recent trade talks with the US as “good” but remained vague on future steps, while Trump hinted at a possible call with President Xi. Meanwhile, the yuan found support from a weak US dollar following a surprise US credit rating downgrade and growing expectations of Fed rate cuts. Investors are now looking ahead to upcoming PBOC decisions on key lending rates, with the market expecting the central bank to cut both the one-year and five-year loan prime rates by 10 bps.
The USDCNY increased 0.0019 or 0.03% to 7.2124 on Monday May 19 from 7.2105 in the previous trading session. Historically, the USDCNY reached an all time high of 8.73 in January of 1994. Chinese Yuan - data, forecasts, historical chart - was last updated on May 19 of 2025.
The USDCNY increased 0.0019 or 0.03% to 7.2124 on Monday May 19 from 7.2105 in the previous trading session. The Chinese Yuan is expected to trade at 7.24 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.32 in 12 months time.