{"id":17662,"date":"2025-04-09T12:43:48","date_gmt":"2025-04-09T12:43:48","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17662"},"modified":"2025-04-09T12:43:48","modified_gmt":"2025-04-09T12:43:48","slug":"forex-market-analysis-9-april-2025","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/pl-eu\/analysis\/forex-market-analysis-9-april-2025\/","title":{"rendered":"Forex market analysis: 9 April 2025"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2026\/04\/34-29-1024x536.png\" alt=\"\" class=\"wp-image-17664\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The yuan is back in the spotlight as fresh US\u2013China trade tensions rattle markets and raise questions about Beijing\u2019s next move. With pressure mounting on China\u2019s currency, investors are weighing the risk of further declines and watching closely for signs of official intervention. Here\u2019s what the latest shift means for the offshore yuan and broader market sentiment.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Offshore yuan hits record low amid escalating US-China trade tensions<\/strong><\/h2>\n\n\n\n<p>The offshore Chinese yuan (USDCNH) fell to a record low of 7.4288 against the US dollar on 9 April, as intensifying trade tensions between the US and China heightened investor uncertainty.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Chinese yuan swings ripple across Asia, rupee traders eye RBI policy <a href=\"https:\/\/t.co\/rvW5DJEYfd\">https:\/\/t.co\/rvW5DJEYfd<\/a> <a href=\"https:\/\/t.co\/qfgST6We7x\">pic.twitter.com\/qfgST6We7x<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1909841259348320435?ref_src=twsrc%5Etfw\">April 9, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>The currency later recovered slightly during the Asian trading session, climbing 0.62% to 7.3833.<\/p>\n\n\n\n<p>This notable depreciation followed the United States\u2019 announcement of a 104% tariff on Chinese imports, prompting concerns over the yuan\u2019s stability and the broader consequences of the growing trade dispute.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Chinese state banks act to stabilise the yuan<\/strong><\/h2>\n\n\n\n<p>In response to the rapid decline, Chinese state-owned banks intervened by selling US dollars in the forex market to slow the yuan\u2019s fall.<\/p>\n\n\n\n<p>Simultaneously, the <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-08\/pboc-greenlights-yuan-weakness-with-fixing-past-7-2-per-dollar\" target=\"_blank\" rel=\"noopener nofollow\" title=\"People\u2019s Bank of China (PBoC) set the onshore yuan\u2019s\">People\u2019s Bank of China (PBoC) set the onshore yuan\u2019s<\/a> (USDCNY) midpoint at 7.2066\u2014its weakest level since September 2023.<\/p>\n\n\n\n<p>The PBoC remains active in managing the yuan\u2019s trajectory. Although a weaker yuan can enhance export competitiveness, sustained depreciation may result in capital outflows and undermine financial market stability, making intervention necessary.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Technical analysis: bearish signals emerge for USDCNH<\/strong><\/h2>\n\n\n\n<p>The USDCNH pair declined by 0.55%, ending the session at 7.3828 after peaking at 7.4288. While the pair opened higher, it reversed gains as selling pressure intensified.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/pl-eu\/wp-content\/uploads\/sites\/21\/2026\/04\/9.4_2-1024x449-1.jpg\" alt=\"\" class=\"wp-image-17663\" \/><figcaption class=\"wp-element-caption\">USDCNH retraces from resistance at 7.42883, testing support at 7.3361, as seen on the <a href=\"https:\/\/apps.apple.com\/au\/app\/vt-markets-online-trading\/id1372647263?mt=8\" target=\"_blank\" rel=\"noopener\" title=\"VT Markets app\">VT Markets app<\/a>.<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>From a technical standpoint, the moving averages (5, 10, and 30) point to a bearish trend, with shorter-term averages crossing below longer-term ones.<\/p>\n\n\n\n<p>The MACD indicator (12, 26, 9) also confirms this sentiment, displaying a negative histogram and a MACD line positioned beneath the signal line.<\/p>\n\n\n\n<p>The key technical levels to monitor are resistance at 7.4288 and support at 7.3361. A break below support may suggest further downside, while a move above resistance could signal the start of a rebound.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><strong>Outlook: yuan volatility likely to persist amid trade tensions<\/strong><\/h2>\n\n\n\n<p>As the US\u2013China trade dispute drags on with no clear resolution in sight, the offshore yuan is expected to remain under pressure. The intensifying rhetoric and policy moves from both sides have amplified market uncertainty, prompting traders to adopt a more cautious stance.<\/p>\n\n\n\n<p>While a weaker yuan could offer short-term support to China\u2019s export sector, prolonged depreciation risks triggering capital outflows and undermining investor confidence.<\/p>\n\n\n\n<p>Going forward, the direction of the yuan will likely hinge on the outcome of trade negotiations, any escalation in tariffs, and the extent of intervention from the People\u2019s Bank of China (PBoC).<\/p>\n\n\n\n<p>Market participants will also be watching global risk sentiment, economic data from China and the US, and signals from central banks. In the absence of a diplomatic breakthrough, currency volatility is likely to remain elevated, leaving the yuan exposed to further swings in the near term.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Click <a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\" target=\"_blank\" rel=\"noopener\" title=\"here\">here<\/a> to open account and start trading.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The yuan is back in the spotlight as fresh US\u2013China trade tensions rattle markets and raise questions about Beijing\u2019s next move. With pressure mounting on China\u2019s currency, investors are weighing the risk of further declines and watching closely for signs of official intervention. Here\u2019s what the latest shift means for the offshore yuan and broader <a href=\"https:\/\/www.vtmarkets.com\/pl-eu\/analysis\/forex-market-analysis-9-april-2025\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":102,"featured_media":22896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-17662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts\/17662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/comments?post=17662"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts\/17662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/media\/22896"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/media?parent=17662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/categories?post=17662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/tags?post=17662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}