USD/CNY Expected to Move Lower in Near Term -- Market Talk

Dow Jones

2025/12/04

0736 GMT - Barclays Research expects USD/CNY to move lower in the near term amid still-anchored USD/CNY fixings and year-end seasonality, with the yuan potentially gaining to 7.05. The currency has been supported by several tailwinds, including corporates stepping up FX conversions, stronger CNY fixings by the PBOC and improved risk sentiment from the A-shares rally, Barclays says in a report. Downside for the yuan beyond China's Lunar New Year seasonality appears limited, as state banks have been rigorously absorbing dollar supply from Chinese corporates, which net sold $163 billion from April to October, it says. However, Barclays expects USD/CNY to move gradually higher in 2026, though it continues to see the yuan outperforming its peers against the backdrop of a firmer U.S. dollar. USD/CNY is at 7.06, according to LSEG. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

December 04, 2025 02:36 ET (07:36 GMT)

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The currency has been supported by several tailwinds, including corporates stepping up FX conversions, stronger CNY fixings by the PBOC and improved risk sentiment from the A-shares rally, Barclays says in a report. Downside for the yuan beyond China's Lunar New Year seasonality appears limited, as state banks have been rigorously absorbing dollar supply from Chinese corporates, which net sold $163 billion from April to October, it says. However, Barclays expects USD/CNY to move gradually higher in 2026, though it continues to see the yuan outperforming its peers against the backdrop of a firmer U.S. dollar. USD/CNY is at 7.06, according to LSEG. (monica.gupta@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 04, 2025 02:36 ET (07:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USD","symbol_name":"ProShares Ultra Semiconductors","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588825009","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588825009","pubTimestamp":1764833760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0736 GMT - Barclays Research expects USD/CNY to move lower in the near term amid still-anchored USD/CNY fixings and year-end seasonality, with the yuan potentially gaining to 7.05. The currency has been supported by several tailwinds, including corporates stepping up FX conversions, stronger CNY fixings by the PBOC and improved risk sentiment from the A-shares rally, Barclays says in a report. Downside for the yuan beyond China's Lunar New Year seasonality appears limited, as state banks have been rigorously absorbing dollar supply from Chinese corporates, which net sold $163 billion from April to October, it says. However, Barclays expects USD/CNY to move gradually higher in 2026, though it continues to see the yuan outperforming its peers against the backdrop of a firmer U.S. dollar. USD/CNY is at 7.06, according to LSEG. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"USD":"ProShares Ultra Semiconductors","CNY":"Morgan Stanley Market Vectors Renminbi USD"},"translate_title":"美元/人民币预计近期将走低——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CNY":1.5,"USDCNY.FOREX":1.5,"USD":1.5},"content_text":"0736 GMT - Barclays Research expects USD/CNY to move lower in the near term amid still-anchored USD/CNY fixings and year-end seasonality, with the yuan potentially gaining to 7.05. The currency has been supported by several tailwinds, including corporates stepping up FX conversions, stronger CNY fixings by the PBOC and improved risk sentiment from the A-shares rally, Barclays says in a report. Downside for the yuan beyond China's Lunar New Year seasonality appears limited, as state banks have been rigorously absorbing dollar supply from Chinese corporates, which net sold $163 billion from April to October, it says. However, Barclays expects USD/CNY to move gradually higher in 2026, though it continues to see the yuan outperforming its peers against the backdrop of a firmer U.S. dollar. USD/CNY is at 7.06, according to LSEG. (monica.gupta@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 04, 2025 02:36 ET (07:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}