09.10.2026, 13:31
The BRICS country's currency rose to a four-year high
Source: OREANDA-NEWS
OREANDA-NEWS After the People's Bank of China denied the allegations of undervaluation, the yuan reached a four-year high. This was reported by Bloomberg.
The corresponding indicator calculated by the agency rose to 103.9 on October 9, reaching the highest level since April 2022. The increase since the beginning of the year has exceeded five percent. It is noted that the Chinese currency is also near a multi-year high against the dollar and a more than one-year high against the euro.
According to forecasts, the yuan may significantly strengthen against the ruble in the first half of October. It is possible that the Chinese currency will break through the 12.8 ruble mark.
In early September, the yuan exchange rate on the Moscow Stock Exchange rose to 13 rubles for the first time since February 11, 2025, that is, in a year and a half.
The corresponding indicator calculated by the agency rose to 103.9 on October 9, reaching the highest level since April 2022. The increase since the beginning of the year has exceeded five percent. It is noted that the Chinese currency is also near a multi-year high against the dollar and a more than one-year high against the euro.
According to forecasts, the yuan may significantly strengthen against the ruble in the first half of October. It is possible that the Chinese currency will break through the 12.8 ruble mark.
In early September, the yuan exchange rate on the Moscow Stock Exchange rose to 13 rubles for the first time since February 11, 2025, that is, in a year and a half.
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