empty
 
 

16.02.202603:07:15UTC+00Offshore Yuan Hits Fresh 34-Month High

The offshore yuan strengthened to around 6.89 per USD on Monday, reaching a new thirty-four-month high as mainland markets entered the week-long Lunar New Year holiday and price discovery shifted to offshore venues. With onshore exchanges closed for the Spring Festival, market liquidity is thinner than usual, making prices more sensitive to capital flows and amplifying the yuan’s upward move. The firmer currency also reflects expectations that strong holiday travel and consumer spending will support near-term domestic activity, even as authorities continue to prioritize overall exchange-rate stability. With mainland trading on hold, volatility is likely to remain elevated until full market participation resumes later this week. On the geopolitical front, reports that the US has suspended several tech-related security measures targeting China ahead of a planned April meeting between Presidents Donald Trump and Xi Jinping have eased immediate tensions, although broader strategic frictions persist.

  • 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 February 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