Mapping the Market: China's yuan may have more gains in store against the dollar
By Christopher Romano
Published on May 4, 2026.
The Chinese currency, the yuan, is currently taking a pause after strengthening against the dollar for a year. Technical analysis suggests that the yuan can continue its gains once it recovers from its initial setback. The yuan has been in a consolidation pattern since April 2025, which is often followed by a resumption of its previous direction. However, if the yuan price drops past 6.9950, this could signal a change in direction.
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