The offshore yuan weakened to around 6.83 per dollar on Monday, snapping a six-session winning streak, as the greenback strengthened broadly after US–Iran peace talks ended without a breakthrough. The face-to-face negotiations between the two countries’ delegations concluded with both sides acknowledging that significant differences remain. Vice President JD Vance reiterated the lack of progress, while Iranian representatives echoed similar concerns. Following the talks, President Trump announced that the US Navy would begin blockading the Strait of Hormuz, raising further concerns over potential disruptions to global energy supplies. On the domestic front, investors are closely watching a packed economic calendar this week. Key data releases, including the trade balance, Q1 GDP growth, industrial output, retail sales, and the unemployment rate, are expected to provide fresh insights into the strength and trajectory of the economy.
