CNH

The offshore yuan steadied around 7.06 per dollar, hovering near its strongest levels in more than a year, supported by broad weakness in the greenback. The US dollar remained under pressure after the Federal Reserve delivered a 25bps rate cut, with Chair Jerome Powell also signaling that a rate hike has been ruled out. Meanwhile, […]

The offshore yuan held its gain around 7.06 per dollar on Wednesday, as elevated consumer inflation tempered expectations of further monetary policy support. China’s consumer prices increased 0.7% year-on-year in November 2025, marking the highest reading since February 2024. Earlier this week, the Politburo pledged to expand domestic demand and support the broader economy in […]

The offshore yuan steadied around 7.06 per dollar on Monday, with market sentiment remaining subdued amid strong foreign demand and weak domestic activity. Exports rose 5.9% year-on-year to USD 330.3 billion in November 2025, surpassing expectations and rebounding from the previous month, supported by eased trade tensions with the US. Imports, however, increased only 1.9% […]

The offshore yuan weakened to around 7.05 per dollar, retreating from a more than one-year high in the prior session after the People’s Bank of China set a weaker-than-expected daily fixing. The PBOC set the midpoint at 7.0733 per dollar, 179 pips below the Reuters consensus and marking the largest weak side deviation since November […]

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 […]