CNH

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 […]

The offshore yuan remained around 7.12 per dollar, trading in a sideways range as weekend data showed consumer prices in China unexpectedly rose 0.2% in October, rebounding from a 0.3% decline in September and defying forecasts for no change. Producer prices fell 2.1% last month, the softest decrease in 14 months. Those figures followed trade […]

The offshore yuan weakened to around 7.12 per dollar on Friday, reversing gains from the previous session as China’s unexpected export contraction weighed on an economy facing a year-end slowdown. Exports fell for the first time in eight months in October 2025, reaching its lowest level since February, with shipments to the US plunging for […]

The offshore yuan hovered around 7.12 per dollar on Monday, following a two-session decline, as investors weighed disappointing factory activity data against US-China trade developments. A private survey showed that China’s manufacturing PMI slowed more than expected in October, after official data last week indicated that manufacturing activity had contracted for the longest stretch in […]

The offshore yuan held its decline around 7.11 per dollar on Friday as investors weighed disappointing PMI data and the outcomes from the recent Trump-Xi meeting. China’s manufacturing PMI fell to a six-month low of 49 in October 2025, signaling continued weakness in the industrial sector and fueling expectations of further stimulus to support domestic […]

The offshore yuan traded around 7.09 per dollar on Thursday, holding near a one-year high as market sentiment remained upbeat on the back of the meeting between Presidents Donald Trump and Xi Jinping. The encounter marked the first between the two leaders since Trump’s return to office in January, with the pair exchanging handshakes on […]

US Dollar (USD) could test 7.0860; a continued decline below this level is unlikely. The next support at 7.0700 is also unlikely to come under threat. In the longer run, the price action suggests USD could drop below 7.0860; the next level to watch is 7.0770, UOB Group’s FX analysts Quek Ser Leang and Peter […]