Why is RMB finding its moment?
26 Apr 2026
0
Since late March, the renminbi (RMB) has been on an upswing, repeatedly hitting three-year highs. On April 14, onshore RMB broke past 6.82 per dollar at the open—its strongest level since March 24, 2023. Amid rising tensions in the Middle East, the RMB was at one point the only major currency to appreciate against the dollar in the month ending April 3.