USDCNH hits a record low as escalating U.S.-China trade tensions intensify. Chinese state banks intervene to stabilise the currency amid trade war fears. -vtmarkets.com
The offshore yuan hit a two-month low of 7.239 per dollar as fears of escalating trade tensions with the US intensified, though it slightly recovered to 7.3267 at close. -vtmarkets.com
The offshore yuan depreciates past 7.25 per dollar as US dollar strength grows, with Powell’s remarks and PBOC’s reduced support adding to pressure. -vtmarkets.com
USD/CNH nears 7.2410 resistance as yuan weakens; PBOC holds rates steady. Traders eye Fed policy and trade shifts for next move. – vtmarkets.com
Offshore yuan weakens past 7.28 as US tariffs escalate trade tensions. USD/CNH nears 7.2865 amid rising geopolitical risks. – vtmarkets.com
The USDCNH pair remains steady as traders weigh China’s stimulus measures and the yuan’s drop, reflecting cautious market sentiment. – vtmarkets.com
Beijing’s stimulus package is boosting Chinese stocks, but its effect on the yuan is under scrutiny as USDCNH continues its bullish momentum. Traders are closely watching the interplay between China’s economic recovery efforts and U.S. economic data for market direction. …
The Chinese yuan surges to a 16-month high as traders bet on stimulus from Beijing, following the recent rate cut by the U.S Federal Reserve. Explore the latest market movements and trader outlook. -vtmarkets.com
Offshore yuan rebounds past 7.11 per dollar as Donald Trump’s chances of winning the U.S. presidency decline, reducing tariff threats. Traders now focus on U.S. inflation and key Chinese economic data. -vtmarkets.com
The Chinese yuan advanced on Monday, supported by a weakening U.S. dollar as the markets anticipate upcoming Federal Reserve rate cuts. However, weak Chinese economic data may limit further gains.
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