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fxJun 9, 2026, 2:23 PM

USD/CNH Slides Toward Multi-Year Low as Yuan Rides Trade Surplus

The Chinese yuan continues to strengthen against the US dollar, with USD/CNH approaching support at its June multi-year low. Brown Brothers Harriman attributes the move to broad dollar weakness and China's stronger-than-expected trade surplus, boosted by AI-related exports and semiconductors.

USDCNH

Brown Brothers Harriman (BBH) analyst Elias Haddad notes that USD/CNH is trending lower toward the June multi-year low support level. The pair's decline is driven by two factors: a broadly weaker US dollar and China's trade surplus, which has exceeded expectations.

The surplus is supported by robust exports in AI-related products and semiconductors, which have helped sustain the yuan's uptrend. The move reinforces the prevailing bullish bias for the Chinese currency against the greenback.

Source: FXStreet Forex News