empty
 
 

19.09.202502:45:12UTC+00Offshore Yuan Continues to Fall, Yet Poised for Weekly Gain

The offshore yuan dropped beyond 7.11 per dollar on Friday, continuing its decline from the previous session due to a strengthening US dollar. This comes as the Federal Reserve indicated a cautious stance towards easing monetary policy, following a 25 basis point interest rate cut announced on Wednesday. Despite the downward pressure on the yuan from the appreciating dollar, its losses were mitigated by positive developments from Hong Kong. In an effort to enhance the renminbi's prominence in global markets, Hong Kong unveiled plans to increase the issuance of yuan-denominated bonds and conduct a portion of its government spending in the Chinese currency. Looking ahead, market participants are eagerly awaiting the announcement of China’s loan prime rates over the weekend. Despite consecutive declines, the yuan is poised for a weekly gain.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback