Global Market: China's yuan holds near four-year high as markets await Fed decision ETMarkets.com The Chinese currency has gained 0.6% against the dollar this month and 4.9% so far this year.
Synopsis China’s yuan held near a four-year high against the US dollar as investors awaited the Federal Reserve’s policy decision for clues on the US interest rate outlook.
The currency drew support from stronger-than-expected industrial profit growth, while concerns over persistent inflation and elevated energy prices kept markets alert to potential monetary tightening.
By Anupam Nagar, ETMarkets.com Oct 28, 2026, 12:27:00 PM IST Follow us China's yuan was little changed against the US dollar on Wednesday, hovering near a four-year high, as investors awaited the Federal Reserve's policy decision for signals on the outlook for US interest rates, Reuters reported.ADVERTISEMENT The onshore yuan was down 0.01% at 6.6675 per dollar as of 0322 GMT, after trading in a range of 6.6667 to 6.6701.
The currency remained close to the four-year high of 6.6660 touched in the previous session.Markets broadly expect the US central bank to leave interest rates unchanged this week.
However, persistent inflation pressures have raised expectations that the pause in rate hikes may not last long, Reuters reported.
