empty
 
 

2026.04.0102:23:25UTC+00Offshore Yuan Steady Amid Peace Hopes

The offshore yuan held steady around 6.88 per dollar on Wednesday, after strong gains in the previous session, as growing optimism over a possible near-term resolution to the Middle East conflict weakened demand for the US currency. US President Trump said American forces would wind down operations in Iran within two to three weeks, claiming that Iran was “begging to make a deal,” though he added that any agreement would be “irrelevant” to Washington’s withdrawal timeline. Earlier, Iranian President Masoud Pezeshkian stated that Tehran had the “necessary will” to end the conflict, provided that safeguards are in place to prevent a renewed outbreak of hostilities.

The yuan received additional support as BOC Hong Kong moved ahead with regulators to enhance digital wallets, following China’s decision to allow interest to be paid on the currency—an initiative that could encourage wider offshore use. Meanwhile, a private survey showed the manufacturing PMI eased to 50.8 in March 2026 from 52.1 in February. By contrast, official data indicated that the manufacturing PMI climbed to a one-year high of 50.4.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback