The offshore yuan strengthened to around 7.18 per dollar on Tuesday, marking its third consecutive session of gains and returning to its highest level since November 2024. The move followed remarks from US President Trump, who stated that China had agreed to eliminate non-tariff barriers on American goods. This came on the heels of a temporary trade truce between the two nations, under which most tariffs were suspended for 90 days. As part of the deal, the US slashed tariffs on Chinese imports from 145% to 30%, while China reduced its tariffs on US goods from 125% to 10%. The recent momentum in talks suggests that additional concessions could be on the horizon if negotiations continue to progress. Meanwhile, China’s latest inflation data for April underscored persistent economic weakness, with consumer prices falling 0.1% year-on-year for the third straight month and producer prices dropping 2.7%, marking the sharpest decline in six months.
The USDCNY decreased 0.0155 or 0.22% to 7.1849 on Tuesday May 13 from 7.2004 in the previous trading session. Historically, the USDCNY reached an all time high of 8.73 in January of 1994. Chinese Yuan - data, forecasts, historical chart - was last updated on May 13 of 2025.
The USDCNY decreased 0.0155 or 0.22% to 7.1849 on Tuesday May 13 from 7.2004 in the previous trading session. The Chinese Yuan is expected to trade at 7.27 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.37 in 12 months time.