Offshore Yuan Rallies to Over 3-Year High

2026-04-08 01:49 By Czyrill Jean Coloma 1 min. read

The offshore yuan strengthened to around 6.82 per dollar on Wednesday, continuing its upward momentum for a fourth consecutive session and reaching its highest level since February 2023, primarily driven by a pressured greenback following a ceasefire announcement.

President Donald Trump revealed that the US and Iran had reached a two-week ceasefire agreement, narrowly averting what the president had previously warned could escalate into an attack with catastrophic consequences for the region.

Shortly after the announcement, Iranian Foreign Minister Seyed Abbas Araghchi stated that access to the Strait of Hormuz would be possible through coordination with Iran’s Armed Forces.

Domestically, investors are turning their attention to China’s upcoming inflation data, due later this week.

Analysts expect a slight uptick in annual consumer prices, while producer prices are projected to see its first annual rise since September 2022.



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Offshore Yuan Rallies to Over 3-Year High
The offshore yuan strengthened to around 6.82 per dollar on Wednesday, continuing its upward momentum for a fourth consecutive session and reaching its highest level since February 2023, primarily driven by a pressured greenback following a ceasefire announcement. President Donald Trump revealed that the US and Iran had reached a two-week ceasefire agreement, narrowly averting what the president had previously warned could escalate into an attack with catastrophic consequences for the region. Shortly after the announcement, Iranian Foreign Minister Seyed Abbas Araghchi stated that access to the Strait of Hormuz would be possible through coordination with Iran’s Armed Forces. Domestically, investors are turning their attention to China’s upcoming inflation data, due later this week. Analysts expect a slight uptick in annual consumer prices, while producer prices are projected to see its first annual rise since September 2022.
2026-04-08
Chinese Yuan Hits 5-week High
The Chinese Yuan touched 6.86 against the USD, the highest since February 2026. Over the past 4 weeks, US Dollar Chinese Yuan lost 0.4%, and in the last 12 months, it decreased 7.6%.
2026-04-07
Offshore Yuan Climbs to Over 1-Month High
The offshore yuan strengthened past 6.85 per dollar on Tuesday, hitting a more than one-month high and marking a third consecutive session of gains as the currency withstood market jitters over Middle East tensions. US President Donald Trump threatened strikes on Iranian power plants and bridges unless Tehran met his conditions, including reopening the Strait of Hormuz, by 8 p.m. Eastern Time. In a parallel diplomatic move, Bahrain circulated a draft UN Security Council resolution aimed at reopening the Strait, deliberately omitting language authorizing the use of force to avoid potential vetoes from Russia or China. The Council is scheduled to vote Tuesday, just hours before Trump’s imposed deadline. Domestically, investors are shifting their attention to key inflation data due later this week. Consumer price growth is expected to ease slightly, while producer prices are projected to register their first annual increase since September 2022.
2026-04-07