empty
 
 

28.11.202506:53:59UTC+00Offshore Yuan Set for Monthly Gains

The offshore yuan stabilized around 7.07 per dollar on Friday, poised for monthly increases as the weakening US dollar lent support to the currency. The decline in the greenback came amid mounting market anticipation of an additional Federal Reserve rate cut in December, with futures reflecting an 87% likelihood of a 25-basis-point decrease. Concurrently, the People’s Bank of China fixed the daily midpoint rate at 7.0789 per dollar for the second consecutive session, providing official guidance that was weaker than market predictions. On the economic front, investors are preparing for the upcoming release of PMI data this weekend, after which they will shift their focus to the Central Economic Work Conference (CEWC) in December, seeking clues on the policy directions for 2026.

  • 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