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The offshore yuan held its decline around 6.71 per dollar on Tuesday, staying off its recent more than three-year high as mixed economic data underscored the fragility of China’s recovery. Fixed-asset investment declined 7.2% in the January—August period, marking the steepest drop for the period since January—April 202
Offshore yuan stayed near 6.72 per dollar, while the US dollar firmed on inflation concerns and expectations of a near-term Federal Reserve rate hike. China’s PBOC set the daily midpoint fixing at 6.7829.
The offshore yuan steadies around 6.73 per dollar on Monday, hovering near its strongest level since February 2023 as the US dollar weakens amid underwhelming Chinese and softer US data.