Chinese yuan set for longest weekly winning streak against dollar in thirteen years

The Chinese yuan is poised for its eleventh consecutive week of gains against the dollar today. Strong exports and seasonal demand drive this record streak.

China CNCN's yuan is on track for its eleventh straight week of appreciation against the U.S. USUS dollar, marking the longest weekly winning streak since early 2013. This ongoing movement, as of February 6, 2026, is being driven by a weak U.S. USUS dollar index, robust exports from China CNCN, and seasonal demand. This trend is currently affecting foreign-exchange valuations and onshore dollar liquidity conditions.
Recent People’s Bank of China CNCN (PBOC) midpoint settings have diverged from Reuters estimates, a development that interacts with the daily mechanics of the onshore foreign exchange market. Simultaneously, the China CNCN Foreign Exchange Trade System (CFETS) U.S. USUS Dollar Lending Capital Sentiment Index is at its tightest level since August 2023. These indicators reflect a period of significant tightness in onshore dollar liquidity.
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