Offshore Yuan Holds Firm on Trump-Xi Summit

2026-05-14 00:47 By Czyrill Jean Coloma 1 min. read

The offshore yuan traded around 6.78 per dollar, holding near its strongest level since February 2023 as investors closely watched a high-stakes summit between US President Donald Trump and Chinese President Xi Jinping aimed at stabilizing relations between the world’s two largest economies.

Trump arrived in Beijing on Wednesday and is set to meet Xi at the Great Hall of the People for talks covering a range of contentious issues.

Trump is expected to urge Beijing to help facilitate the reopening of the Strait of Hormuz through its ties with Tehran, though he has downplayed the Iran conflict as a central topic, emphasizing trade and market access instead.

Moreover, Trump has signaled that he will urge China to roll back barriers facing American companies and further “open up” its economy.

The summit, delayed for weeks amid tensions tied to the Iran conflict, is being closely watched by markets for signs of a diplomatic breakthrough that could shape US-China relations and global trade.



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Offshore Yuan Holds Firm on Trump-Xi Summit
The offshore yuan traded around 6.78 per dollar, holding near its strongest level since February 2023 as investors closely watched a high-stakes summit between US President Donald Trump and Chinese President Xi Jinping aimed at stabilizing relations between the world’s two largest economies. Trump arrived in Beijing on Wednesday and is set to meet Xi at the Great Hall of the People for talks covering a range of contentious issues. Trump is expected to urge Beijing to help facilitate the reopening of the Strait of Hormuz through its ties with Tehran, though he has downplayed the Iran conflict as a central topic, emphasizing trade and market access instead. Moreover, Trump has signaled that he will urge China to roll back barriers facing American companies and further “open up” its economy. The summit, delayed for weeks amid tensions tied to the Iran conflict, is being closely watched by markets for signs of a diplomatic breakthrough that could shape US-China relations and global trade.
2026-05-14
Offshore Yuan Remains at Over 3-Year Peak
The offshore yuan held steady for a second consecutive session at 6.78 per dollar on Wednesday, holding near its strongest level since February 2023, as markets positioned themselves ahead of the highly anticipated summit between US President Donald Trump and Chinese President Xi Jinping. Over the two-day talks, the leaders of the world’s two largest economies are expected to discuss a broad agenda that includes trade relations, tariffs, AI, Taiwan, and the ongoing Middle East conflict. However, President Trump has indicated he intends to focus primarily on trade, tempering the likelihood that the Iran conflict will feature prominently in the talks. Both sides are expected to push for an extension of the current trade truce, as tariffs remain a point of tension in the two countries’ relationship. China has long criticised US measures, while the Trump administration pursues investigations into Beijing’s trade practices.
2026-05-13
Offshore Yuan Remains Strong
The offshore yuan steadied around 6.79 per dollar on Tuesday, remaining at its strongest level since February 2023, supported by robust trade data ahead of a highly anticipated meeting between Presidents Donald Trump and Xi Jinping. Exports surged 14.1% year-on-year to a record USD 359.44 billion in April 2026, beating expectations and sharply accelerating from March, supported by investment tied to the global AI boom despite shipping disruptions caused by the closure of the Strait of Hormuz. Imports also jumped 25.3% from a year earlier to a fresh all-time high of USD 274.62 billion, signaling resilient domestic demand. Meanwhile, annual CPI came in above expectations at 1.2% in April, while PPI recorded its second straight month of increases at 2.8%. Investors are now focused on the closely watched Trump–Xi meeting in Beijing later this week, where the two leaders are expected to discuss the Middle East conflict, Taiwan, and a new framework for trade negotiations.
2026-05-11