The yuan could strengthen further against the dollar this year after
outperforming expectations, according to ING. The bank cuts its 2026 USD/CNY
forecast range to 6.70–7.05 from 6.85–7.25.
ING notes the yuan is up about 2.3% year-to-date, outpacing most Asian peers,
with policymakers appearing more tolerant of gradual appreciation.
While risks are balanced, gains are likely capped near 6.70 unless fresh
catalysts emerge.