USDCNH eases to 6.88 as Hormuz reopening hopes improve sentiment, though China’s March PMI slowdown limits yuan upside. | VT Markets
The offshore yuan holds near 6.97 as exporter dollar selling and a weaker USD offset softer policy guidance. – vtmarkets.com
China’s yuan retreated after touching a 14-month high, as the PBOC weakens its official fix to stem rapid appreciation amid year-end FX settlement flows and Fed rate cut expectations. – vtmarkets.com
China’s yuan edged higher on Friday, buoyed by a partial stock market recovery and a softer dollar ahead of the U.S. non-farm payrolls release. – vtmarkets.com
USD/CNH climbs above 7.1770 as China’s Q2 GDP beats expectations, but slowing momentum and weak domestic demand cloud the outlook. – vtmarkets.com
The Chinese yuan holds firm against the US dollar after Washington and Beijing reach a tentative trade agreement. – vtmarkets.com
Weaker dollar, upbeat growth outlook, and cautious daily fixings support short-term yuan strength. – vtmarkets.com
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
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