Offshore Yuan Slips on Dollar Strength

2026-03-17 03:15 By Joshua Ferrer 1 min. read

The offshore yuan slipped to around 6.88 per dollar on Wednesday, snapping a two-session winning streak, as a strengthening greenback weighed on the currency.

The US dollar gained as the Federal Reserve held its federal funds rate unchanged, while signaling a single rate reduction this year and a further cut in 2027, consistent with its December outlook.

Still, the yuan remained supported by China’s lower exposure to oil shocks, resilient exports, and exporters’ continued dollar selling.

Recent data also showed that China’s factory output growth accelerated in January and February, while retail sales rebounded.

Meanwhile, US President Donlad Trump asked Xi Jinping to postpone their meeting by about a month so he could remain in Washington to oversee the Middle East conflict, though the delay may be manageable for Beijing as officials from both sides met in Paris in recent days to continue trade talks.



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