The Chinese Yuan (CNY) surged to 7.0742 against the US Dollar (USD) in November, marking its highest exchange rate since October 2024. This appreciation follows the White House's decision to extend the suspension of reciprocal tariffs on Chinese imports until November 2026, providing a much-needed boost for the CNY amid ongoing trade tensions.
The extension of tariff suspensions has enhanced investor sentiment, fostering optimism in the Chinese economy and influencing forex trading dynamics. As the currency pair strengthens, traders are closely monitoring the potential for further movement, with implications for broader financial markets, including the EUR/USD pair and global risk appetite.
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Data Source: FX Killer Analysis Team Updated: 2025-12-01 12:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.