CNH

The offshore yuan traded around 7.07 per USD, near its highest level since early October last year, as a broadly softer US dollar offset weak factory activity data in China. The softer greenback continued to support the currency, with investors looking ahead to a crucial month that could bring the Fed’s final rate cut of […]

The offshore yuan steadied around 7.07 per dollar on Friday, remaining on track for monthly gains as a weakening US dollar supported the currency. The greenback declined as markets increased expectations for a further Federal Reserve rate cut in December, with futures now pricing in an 87% probability of a 25-basis-point reduction. Meanwhile, the People’s […]

The offshore yuan weakened to around 7.07 per dollar, retreating from a thirteen-month high reached in the previous session following the People’s Bank of China’s first weaker-than-expected fixing in months. The central bank set the daily midpoint at 7.0779 per dollar, softer than Reuters’ forecast of 7.0733. This marked the first downside surprise in the […]

USD/CNH extends its losses for the fourth consecutive day, reaching a 13-month low of 7.0782 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) comes under pressure, with softer United States (US) economic data boosting expectations of a Federal Reserve (Fed) rate cut in December. The CME FedWatch Tool suggests that markets […]

The offshore yuan climbed to around 7.09 per dollar on Tuesday, reaching its highest level since early October last year, boosted by signs of improving US-China relations. US President Donald Trump and Chinese leader Xi Jinping held a phone call earlier in the week, with both governments stressing progress on trade and tariff commitments reached […]

The offshore yuan traded around 7.11 per dollar, moving sideways near a one-week high, as the central bank continued to guide the currency stronger. The People’s Bank of China set the midpoint at 7.0847 on Monday, firmer than Friday’s 7.0875 fix and the 7.1162 estimate, signaling its effort to stabilize the yuan. Analysts noted that […]

The offshore yuan steadied around 7.11 per dollar on Thursday, as China signaled reduced urgency for further monetary policy easing amid persistent domestic and external headwinds. The one-year Loan Prime Rate, the benchmark for most corporate and household lending, was kept unchanged at 3%, while the five-year LPR, which serves as the key reference for […]

The Swiss franc continued to appreciate toward 0.79 per USD, holding close to its highest since July 2011, boosted by safe-haven demand amid lingering global economic uncertainty despite the end of the US government shutdown. The currency also remained supported by expectations of accelerating domestic inflation. SNB officials have expressed confidence that inflation will increase […]

The offshore yuan weakened to around 7.09 per dollar on Friday, retreating from a two-week high reached in the previous session as disappointing economic data weighed on market sentiment. Fixed-asset investment fell 1.7% year-on-year in January–October 2025, a sharper decline than both market expectations and the previous month’s reading. In addition, industrial output eased to […]

The offshore yuan appreciated past 7.10 per dollar on Thursday, reaching its strongest level in two weeks as investors awaited the release of key economic indicators scheduled tomorrow. Among the forthcoming data, retail sales are expected to decelerate for the fifth consecutive month, marking the longest stretch of slowing consumption growth since the post-COVID recovery […]