Offshore Yuan Steady on Trump-Xi Talks

2026-03-26 04:09 By Czyrill Jean Coloma 1 min. read

The offshore yuan steadied around 6.90 per dollar, following two sessions of losses as market sentiment improved after confirmation of a high-level meeting between Presidents Donald Trump and Xi Jinping.

Trump is scheduled to visit China from May 14-15 for his first trip to the country in eight years, a closely watched journey that had been postponed due to the Iran crisis.

He also said he would host Xi in a reciprocal visit to Washington later this year.

The yuan’s relative stability also reflects its insulation from mixed signals over efforts to de-escalate tensions in the Middle East.

Trump has sought support from major oil consumers, including China, to counter Tehran’s efforts to close the Strait of Hormuz.

However, the outreach has largely gone unanswered as China appears to see little tangible benefit in intervening.

Chinese and other non-hostile ships continue to navigate the strait safely, while China has bolstered strategic oil reserves and invested heavily in green energy.



News Stream
Offshore Yuan Steady on Trump-Xi Talks
The offshore yuan steadied around 6.90 per dollar, following two sessions of losses as market sentiment improved after confirmation of a high-level meeting between Presidents Donald Trump and Xi Jinping. Trump is scheduled to visit China from May 14-15 for his first trip to the country in eight years, a closely watched journey that had been postponed due to the Iran crisis. He also said he would host Xi in a reciprocal visit to Washington later this year. The yuan’s relative stability also reflects its insulation from mixed signals over efforts to de-escalate tensions in the Middle East. Trump has sought support from major oil consumers, including China, to counter Tehran’s efforts to close the Strait of Hormuz. However, the outreach has largely gone unanswered as China appears to see little tangible benefit in intervening. Chinese and other non-hostile ships continue to navigate the strait safely, while China has bolstered strategic oil reserves and invested heavily in green energy.
2026-03-26
Offshore Yuan Extends Fall
The offshore yuan fell to around 6.90 per dollar on Wednesday, extending losses from the previous session as investors remained cautious amid mixed signals over possible de-escalation in the Middle East. US President Trump said Iran had offered a goodwill gesture in negotiations linked to energy flows through the Strait of Hormuz, while Israeli media reported that Washington is seeking a one-month ceasefire to allow for talks. Separately, The New York Times said the US had presented Iran with a 15-point proposal to resolve the conflict. However, Tehran denied any negotiations with Washington, and Gulf states signaled they could join military action against Iran. Still, China stands to gain from the conflict due to its lower energy dependence and its edge in renewables. China's Premier Li also vowed to boost imports of high-quality foreign goods and promote balanced trade, while PBoC Governor Pan sought to calm concerns over China’s trade surplus.
2026-03-24
Offshore Yuan Hits Two-Week Low
The offshore yuan weakened to around 6.915 on Monday, hitting its lowest level in more than two weeks as escalating Middle East tensions boosted the greenback and weighed on broader risk sentiment. The safe-haven dollar remained strong as the standoff between US President Donald Trump and Iran over the Strait of Hormuz intensified, pushing oil prices higher and further fueled global inflation worries. These in turn raised expectations for tighter monetary policy from major central banks. Last week, the People's Bank of China kept key rates unchanged, reflecting a cautious stance that offered limited near-term support to the currency. Meanwhile, sentiment found some support after officials at the China Development Forum struck a reassuring tone, emphasizing policy stability, further market opening, and support for domestic demand. Authorities also downplayed recent yuan weakness, framing market volatility as largely driven by external shocks rather than underlying economic conditions.
2026-03-23