empty
 
 

2026.07.2702:17:37UTC+00Offshore Yuan Hits Over 1-Month High

The offshore yuan strengthened to around 6.76 per dollar on Monday, its highest level since mid-June, as easing geopolitical tensions in the Middle East reduced safe-haven demand for the US dollar. US Ambassador Mike Waltz said President Trump had halted planned strikes on Iran for a second straight night to allow room for diplomacy, while an Iranian military spokesperson indicated that Tehran had suspended its retaliatory operations. These developments suggest a tentative de-escalation following nearly two weeks of tit-for-tat attacks that had effectively unraveled the June ceasefire.

On the domestic front, investors are now focused on the upcoming Politburo meeting later this week, where President Xi Jinping and other senior policymakers are expected to set priorities for the second half of the year. Expectations for additional policy support have risen after recent economic data highlighted an uneven recovery, strengthening calls for measures to shore up growth and stabilize demand.

  • 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 $4000 more!
    In July we raffle $4000 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