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The offshore yuan held its gains around 6.69 per dollar on Monday, remaining at its strongest level since July 2022, as the People’s Bank of China kept its benchmark lending rates unchanged for a 16th consecutive month at record lows. The one-year loan prime rate (LPR) was held at 3.0%, while the five-year LPR remained
Global equity markets closed mixed, with Europe down and Wall Street ending a volatile week with modest gains. US Treasury yields topped 5%, while Brent crude remained above $100. Asian markets showed mixed performance.
Global equity markets experienced a mixed session on Friday, with gains on Wall Street partially offsetting losses in Europe. Bond yields continued to climb, with US 10-year Treasury yields topping 5%, while currency markets saw the dollar strengthen against the yen. Spot gold and Brent crude prices showed modest movem
SHANGHAI, Sept 18 (Reuters) — China’s offshore yuan on Friday hit the strongest level against the dollar in four years, as traders bet this week’s US rate hike has not derailed the yuan’s appreciation cycle. In the onshore market, the yuan strengthened about 0.15% and is on track for its third straight weekly gain, as
The offshore yuan strengthened to around 6.69 per dollar on Friday, extending gains from the previous session and reaching its strongest level since July 2022, as a firmer daily fixing from the People’s Bank of China continued to support the currency. The central bank set the daily midpoint at 6.7521 per dollar, strong
USDCNH strengthened to 6.6956 per dollar, the strongest level for China’s offshore yuan since July 2022.
China's offshore yuan hits strongest level since July 2022