Renminbi Trend | The Central Parity Rate of the Renminbi Hits a Nearly 3-Year High

SighingCashier · 2026-04-07T04:22:02+00:00

The RMB to USD central parity rate rose to 6.8854, reaching a nearly three-year high. Market uncertainty remains high, and expectations for a stronger U.S. dollar continue. Oil prices are weighing on the Federal Reserve’s rate-cut pace, and non-U.S. currencies overall face pressure; however, the RMB has shown resilience, and the outlook is promising. China International Capital Corporation mentioned focusing on economic data such as U.S. inflation, and expects the U.S. dollar will continue to receive support.

SighingCashier

2026-04-07 04:22:02

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The CNY/USD central parity rate hits a new high in nearly 3 years.

The CNY/USD central parity rate was reported at 6.8854, up 75 pips from the prior day’s 6.8929, reaching the highest level since April 25, 2023.

Reuters quoted market participants as saying that current market uncertainty remains clearly evident. Until the war visibly eases, the U.S. dollar may remain somewhat strong, and high oil prices will continue to weigh on the Federal Reserve’s pace of rate cuts. Non-USD currencies as a whole face pressure, but the renminbi still shows relative resilience, so investors should continue to adopt a “sell into strength” approach.

CITIC Securities’ FX team’s latest weekly view said that this week, in addition to focusing on the U.S.-Iran situation, attention should also be paid to key economic data such as U.S. inflation. If inflation pressures rise, expectations that the Federal Reserve is not in a rush to cut rates may be further reinforced, and the U.S. dollar could continue to receive support. The renminbi, meanwhile, benefits from stronger FX market resilience and may be able to continue to perform steadily.

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