By Sylvia Ma
South China Morning Post, Hong Kong
Wednesday, February 11, 2026
China's central bank today set the yuan's daily fixing rate at its strongest level since mid-2023 as the Chinese currency extended gains with investors increasingly rotating out of U.S. dollar assets amid concerns over the Federal Reserve's independence and US debt sustainability.
... Dispatch continues below ...
... ADVERTISEMENT ...
Are you ready to safeguard your assets using precious metals?
Hero Bullion is a precious metals dealer with an extensive inventory of competitively priced gold, silver, and platinum products.
We didn't get into this business just to sell metals. Our goal is to educate investors to help them make sounder financial decisions. For four years we have focused on educational resources, competitive prices, and reliable, secure shipping.
Check out our reviews. Hero Bullion is quickly becoming a favorite of customers all over the country. We're committed to helping you cut through the hype and build your portfolio with high-quality, affordable precious metals.
Visit us here: www.herobullion.com [1]
Hero Bullion: Gold and silver simply delivered
The People's Bank of China set the yuan's midpoint rate -- also known as the daily fixing rate -- at 6.9438 to the U.S. dollar, which marked the strongest level in 33 months.
The move followed months of steady appreciation in the yuan, with its offshore rate trading at 6.909 per U.S. dollar as of early afternoon today.
By contrast, the U.S. dollar has remained under sustained pressure in recent months, with investor confidence sapped by persistent concerns over the Trump administration's policy volatility and interventions in the Federal Reserve, as well as the United States' long-term fiscal sustainability. ...
... For the remainder of the report:
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
http://www.gata.org/node/16 [5]
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png [6]
