ResearchGlobal2026-09-03
USD/CNY Holds Near 6.72 as Asian Oil Import Parity Trades in a Range
The USD/CNY fixing printed at 6.7187, up a marginal 0.13% on the day, with the renminbi trading sideways in a range. The dollar eased to 158.29 JPY (-0.24%) and 1356.87 KRW (-0.10%), as Asian currencies firmed modestly. On a CNY-delivered basis, landed costs for transshipped grades such as ESPO and Oman stayed stable, leaving the arbitrage window intact.