{
  "id": 5032462,
  "title": "China's yuan eases as rising oil prices, higher US yields weigh",
  "url": "https://urgent.news/2026/09/02/chinas-yuan-eases-as-rising-oil-prices-higher-us-yields-weigh",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T05:55:02.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40437550/chinas-yuan-eases-as-rising-oil-prices-higher-us-yields-weigh"
  },
  "original_language": "en",
  "account": "China's yuan weakened against the dollar on Wednesday due to higher US bond yields and stronger oil prices, which boosted the greenback and exerted pressure on Asian currencies. The dollar strengthened against major currencies this week and remained stable on Wednesday, as renewed tensions between the US and Iran drove oil prices up and reignited inflation concerns. The safe-haven appeal of the currency was bolstered by rising Treasury yields and expectations of a Federal Reserve rate hike. The yuan was 0.03% lower at 6.7225 per dollar as of 0309 GMT, after fluctuating between 6.7222 and 6.7250. Analysts at MUFG Bank noted that Asian currencies are facing challenges from higher US yields and oil prices. However, some experts believe that a strong dollar may not remain sustained. Even if the Federal Reserve raises interest rates in September, it may not alleviate long-term Treasury risks, and the United States' geopolitical influence is declining, according to Western Securities analysts. Prior to market opening, the People's Bank of China set the midpoint rate at 6.7829 per dollar, which is 591 pips weaker than a Reuters' forecast. The spot yuan is permitted to trade up to 2% either side of the fixed midpoint daily. Despite a slower economic growth rate in July, strong export growth and subdued domestic demand could maintain the CNY's appreciation trend, according to Goldman Sachs analysts. The yuan has increased by 4.0% against the dollar this year. Market participants expect the yuan's appreciation to be gradual, as China is likely to limit further currency gains this year to support exporters. The offshore yuan traded at 6.7238 yuan per dollar, down approximately 0.03% in Asian trade. The dollar's six-currency index rose by 0.064% to 99.74.",
  "summary": "HONG KONG: China’s yuan eased against the dollar on Wednesday as higher US bond yields and firmer oil prices lifted the greenback, putting pressure on Asian currencies. The dollar strengthened against major currencies this week and held firm on Wednesday, as renewed hostilities between the US and Iran pushed oil prices higher and revived inflation concerns. The currency’s safe-haven appeal has…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}