empty
 
 

06.04.202608:50:27UTC+00Offshore Yuan Extends Gains

The offshore yuan strengthened to around 6.87 per dollar on Monday, extending the previous week’s gains in thin holiday trading, even as geopolitical risks remained elevated. Tensions in the Middle East continued to weigh on market sentiment, with US allies including Pakistan, Egypt, and Turkey reportedly working to secure a roughly 45-day ceasefire to avert potential US strikes on Iran’s energy infrastructure and possible retaliation from Tehran. These developments came after President Donald Trump extended his deadline to Tuesday for Tehran to reopen the Strait of Hormuz. Iran, however, rejected Washington’s ultimatum, saying it will fully reopen the waterway only after war-related damages are compensated. On the domestic front, investors are shifting their attention to inflation data due later this week. Consumer inflation is expected to ease slightly, while producer prices are forecast to record their first annual increase since September 2022.

  • 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