Market Highlight 27.02.2026

Christine Lagarde, President of the European Central Bank, said on Thursday that euro-area exporters are finding it increasingly difficult to secure overseas buyers, partly due to the U.S’ frequently shifting tariff policy. Trade activity remains challenging amid higher tariffs, a stronger euro, and an increasingly volatile global policy environment. In 2025, although a wide range of European-made goods faced a 15% tariff, exports to the U.S still rose from EUR 536 billion to EUR 554 billion (USD 654,36 billion).

The Chinese yuan strengthened to its highest level in nearly three years against the USD on Thursday, despite signals from China’s Central Bank aimed at slowing the currency’s rapid appreciation, as continued demand for onshore CNY settlement provided ongoing support. The CNY ended yesterday’s session at 6,8397 per USD, its strongest closing level since March 23, 2023. The yuan is up 0,9% against the USD so far this week and is on track for a 13th consecutive weekly gain, underpinned by several supportive factors, including broad-based USD weakness, exporters’ conversion demand, and improving sentiment in the domestic equity market. Chinese exporters have accelerated the conversion of USD receipts into CNY as the local currency strengthens. The USD/CNY exchange rate in 2026 is likely to decline further, supported by improved market sentiment in China, expectations of macroeconomic stability, and continued foreign capital inflows.

The USD/VND interbank exchange rate maintained a downward bias for most of Thursday’s session, before closing at 26.070. The day’s high was recorded at 26.120.

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