{"id":250848,"date":"2025-12-25T13:44:11","date_gmt":"2025-12-25T13:44:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/250848\/"},"modified":"2025-12-25T13:44:11","modified_gmt":"2025-12-25T13:44:11","slug":"chinas-offshore-yuan-breaks-major-benchmark-as-appreciation-momentum-builds","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/250848\/","title":{"rendered":"China\u2019s offshore yuan breaks major benchmark as appreciation momentum builds"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China\u2019s offshore yuan strengthened further on Thursday, dipping below the benchmark rate of seven against the US dollar \u2013 another sign of the currency\u2019s continued appreciation after a brief breach of the same threshold on Wednesday evening.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The recent fluctuations mark the currency\u2019s first appreciation past the major psychological marker in 15 months, suggesting a change in market sentiment and providing more support for the global investors and economists who have argued the currency has been undervalued.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The offshore yuan\u2019s exchange rate reached a high of 6.9960 on Thursday morning, according to figures from Chinese financial data provider Wind, after briefly moving to 6.9999 on Wednesday. The onshore yuan, meanwhile, hit 7.01 against the US dollar on Thursday. Both rates were reached for the first time since September 2024.<\/p>\n<p>Market optimism for the Chinese currency <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3333034\/yuan-rapidly-gaining-ground-chinese-firms-plot-global-expansion?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">continues to rise<\/a>, with analysts predicting the yuan will appreciate further, though small and medium-sized exporters may have concerns over the pressures a stronger yuan could exert on their operations.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The yuan\u2019s recent strengthening reflects both a weaker US dollar and shifts in the supply and demand of foreign exchange, analysts said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Sustained trade surpluses and concentrated settlement of foreign exchange among companies have provided a temporary boost in demand for China&#8217;s currency, compounded by investor concerns related to the sustainability of US government debt.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s offshore yuan strengthened further on Thursday, dipping below the benchmark rate of seven against the US dollar&hellip;\n","protected":false},"author":2,"featured_media":250849,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,130389,381,87725,9403,179,18,20366,13944,43554,130390,19,17,2711,130384,130387,2708,13911,130388,130385,130386],"class_list":{"0":"post-250848","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-carol-yang","10":"tag-china","11":"tag-chinese-currency","12":"tag-chongqing","13":"tag-economy","14":"tag-eire","15":"tag-goldman-sachs","16":"tag-guangdong-province","17":"tag-guangzhou","18":"tag-huang-qifan","19":"tag-ie","20":"tag-ireland","21":"tag-peoples-bank-of-china","22":"tag-shenwan-hongyuan-securities","23":"tag-tan-jian","24":"tag-us-dollar","25":"tag-wind","26":"tag-yingda-securities","27":"tag-yuki-su","28":"tag-zhao-wei"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115780509072344829","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/250848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=250848"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/250848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/250849"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=250848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=250848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=250848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}