For the third consecutive day, China's central bank has nudged its currency anchor lower, setting the yuan midpoint at 6.8195 per dollar even as international voices — including the head of the European Central Bank — raise concerns about undervaluation. The move arrives in a moment of paradox: the yuan had touched a three-year high just days before, buoyed by trade optimism and a strong surplus, yet Beijing is choosing a different path. In the long arc of monetary sovereignty, this is a familiar posture — a major economy asserting that its currency will serve its own people first, and the exp
South China Morning Post
· Jun 24, 2026
· economy
· 1 min de lectura
High
Verificación: Verificado
China's central bank weakens yuan midpoint for third consecutive day
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Economy & Finance
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Sesgo y Encuadre
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Impacto Geopolítico
🌎
China's PBOC weakens yuan midpoint for third consecutive day, signaling policy shift toward supporting domestic demand amid trade tensions and geopolitical resilience priorities.
Escalation Risk
moderate
Confidence
HIGH
China
United States
European Union
Asia-Pacific
Global emerging markets
China asserting monetary policy autonomy despite external pressure; deliberate yuan depreciation to boost exports and domestic demand while reducing reliance on foreign capital. Signals confidence in economic resilience independent of US-China trade dynamics. Reflects shift toward technology/energy security prioritization over currency strength.
Similar to 2015 yuan devaluation shock, when PBOC surprised markets with depreciation to support growth; differs in that current move appears more controlled and signaled, reducing systemic shock risk but indicating renewed competitive currency dynamics.
Lente Económico
📈
China's central bank weakens yuan midpoint for third consecutive day, signaling policy shift toward currency depreciation amid trade tensions and domestic economic priorities.
Market Signal
mixed
Confidence
HIGH
Foreign exchange markets
Export-oriented manufacturing
Import-dependent industries
Technology and semiconductors
Energy sector
Tourism and hospitality
Financial services
Weaker yuan makes Chinese exports cheaper and more competitive globally, potentially supporting domestic employment. However, imported goods and overseas travel become more expensive for Chinese consumers, increasing inflation pressures on imported commodities and reducing purchasing power abroad.
The deliberate weakening suggests PBOC is prioritizing export competitiveness and domestic demand support over currency stability. This may invite international criticism regarding currency manipulation, particularly from trading partners like the EU. Potential policy responses could include WTO complaints, retaliatory tariffs, or coordinated G7/G20 pressure on exchange rate management.