ResearchGlobal2026-10-26
RMB Breaks 6.67 as Yen, Won and Euro All Soften; Transfer Books Split in Two
USD/CNY printed 6.6683 (-0.0285), with the yuan firming against the dollar. Yet USD/JPY rose to 157.48 and USD/KRW to 1325.0 as the yen and won both weakened against the dollar, while the euro softened to 7.4548 versus the yuan. The one-strong, three-weak split forces a fresh repricing of the currency mismatch in crude transfer books.