Yuan Strengthens After PBOC Sets CNY Fixing at Highest Since May 2023 -- Market Talk

Dow Jones

Feb 04

0201 GMT - The yuan strengthens slightly against the dollar after the PBOC set Wednesday's CNY fixing at 6.9533 versus USD, the highest since May 2023. A stronger or weaker fixing is typically perceived to be a signal from China's central bank. "We expect the CNY to remain a stabilizing anchor for most regional FX, supported by the PBOC continuing to set the daily USDCNY fixing rate below the 7.0000 level," MUFG Bank's Lloyd Chan says in a research report. "Against this backdrop, we retain a constructive outlook on the SGD and MYR, which should continue to benefit from firmer CNY sentiment and overall stable domestic macro fundamentals," the senior currency analyst adds. USD/CNY is down 0.04% at 6.9352, USD/CNH is 0.05% lower at 6.9316, FactSet data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 03, 2026 21:01 ET (02:01 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2608338308"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2608338308\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2608338308?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-04 10:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2608338308","market":"other","top_or_hot":-1,"title":"Yuan Strengthens After PBOC Sets CNY Fixing at Highest Since May 2023 -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0201 GMT - The yuan strengthens slightly against the dollar after the PBOC set Wednesday's CNY fixing at 6.9533 versus USD, the highest since May 2023. A stronger or weaker fixing is typically perceived to be a signal from China's central bank. \"We expect the CNY to remain a stabilizing anchor for most regional FX, supported by the PBOC continuing to set the daily USDCNY fixing rate below the 7.0000 level,\" MUFG Bank's Lloyd Chan says in a research report. \"Against this backdrop, we retain a constructive outlook on the SGD and MYR, which should continue to benefit from firmer CNY sentiment and overall stable domestic macro fundamentals,\" the senior currency analyst adds. USD/CNY is down 0.04% at 6.9352, USD/CNH is 0.05% lower at 6.9316, FactSet data show. (ronnie.harui@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  February 03, 2026 21:01 ET (02:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yuan Strengthens After PBOC Sets CNY Fixing at Highest Since May 2023 -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYuan Strengthens After PBOC Sets CNY Fixing at Highest Since May 2023 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-04 10:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0201 GMT - The yuan strengthens slightly against the dollar after the PBOC set Wednesday's CNY fixing at 6.9533 versus USD, the highest since May 2023. A stronger or weaker fixing is typically perceived to be a signal from China's central bank. \"We expect the CNY to remain a stabilizing anchor for most regional FX, supported by the PBOC continuing to set the daily USDCNY fixing rate below the 7.0000 level,\" MUFG Bank's Lloyd Chan says in a research report. \"Against this backdrop, we retain a constructive outlook on the SGD and MYR, which should continue to benefit from firmer CNY sentiment and overall stable domestic macro fundamentals,\" the senior currency analyst adds. USD/CNY is down 0.04% at 6.9352, USD/CNH is 0.05% lower at 6.9316, FactSet data show. (ronnie.harui@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  February 03, 2026 21:01 ET (02:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PBOC","symbol_name":"PGIM S&P 500 Buffer 20 ETF - October","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608338308","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608338308","pubTimestamp":1770170460,"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":"0201 GMT - The yuan strengthens slightly against the dollar after the PBOC set Wednesday's CNY fixing at 6.9533 versus USD, the highest since May 2023. A stronger or weaker fixing is typically perceived to be a signal from China's central bank. \"We expect the CNY to remain a stabilizing anchor for most regional FX, supported by the PBOC continuing to set the daily USDCNY fixing rate below the 7.0000 level,\" MUFG Bank's Lloyd Chan says in a research report. \"Against this backdrop, we retain a constructive outlook on the SGD and MYR, which should continue to benefit from firmer CNY sentiment and overall stable domestic macro fundamentals,\" the senior currency analyst adds. USD/CNY is down 0.04% at 6.9352, USD/CNH is 0.05% lower at 6.9316, FactSet data show. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PBOC":"PGIM S&P 500 Buffer 20 ETF - October","CNY":"Morgan Stanley Market Vectors Renminbi USD"},"translate_title":"中国人民银行将人民币汇率定为2023年5月以来最高水平后，人民币走强——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PBOC":1.5,"CNY":1.5},"content_text":"0201 GMT - The yuan strengthens slightly against the dollar after the PBOC set Wednesday's CNY fixing at 6.9533 versus USD, the highest since May 2023. A stronger or weaker fixing is typically perceived to be a signal from China's central bank. \"We expect the CNY to remain a stabilizing anchor for most regional FX, supported by the PBOC continuing to set the daily USDCNY fixing rate below the 7.0000 level,\" MUFG Bank's Lloyd Chan says in a research report. \"Against this backdrop, we retain a constructive outlook on the SGD and MYR, which should continue to benefit from firmer CNY sentiment and overall stable domestic macro fundamentals,\" the senior currency analyst adds. USD/CNY is down 0.04% at 6.9352, USD/CNH is 0.05% lower at 6.9316, FactSet data show. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 03, 2026 21:01 ET (02:01 GMT)\n\n\n  Copyright (c) 2026 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"}}}