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On the 8th, onshore and offshore yuan both broke 6.7 per dollar, the strongest levels since January 2023. Oriental Jincheng chief macro analyst Wang Qing cited two primary drivers: a retreat in the dollar index after Fed rate-hike effects were priced

2026-09-18

On the 8th, onshore and offshore yuan both broke 6.7 per dollar, the strongest levels since January 2023. Oriental Jincheng chief macro analyst Wang Qing cited two primary drivers: a retreat in the dollar index after Fed rate-hike effects were priced in, and recent adjustments to CHINA'S YUAN FIXING skewed toward a stronger yuan. He added that global FX volatility—prompted by policy moves in major economies, a US-Japan coordinated FX intervention and Middle East tensions—has left the yuan broadly steady-to-firmer. Domestically, resilient export growth and a stable-to-improving macro backdrop provide additional support for the exchange rate.

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2026-09-17

The UN Security Council on the 17th failed to adopt a US-drafted resolution to extend the mandate of the expert panel supporting the Iran sanctions committee; the vote was 11 in favor, 2 against and 2 abstentions, with Russia and China opposing. Russ

The UN Security Council on the 17th failed to adopt a US-drafted resolution to extend the mandate of the expert panel supporting the Iran sanctions committee; the vote was 11 in favor, 2 against and 2 abstentions, with Russia and China opposing. Russia and China said UNSC Resolution 2231 expired on Oct. 18 last year and that the Iran nuclear issue has been removed from the Council’s agenda.
2026-09-17

The Philadelphia Fed Manufacturing Prices Paid Index for September was 48.6, compared to 40.9 in the previous month.

The Philadelphia Fed Manufacturing Prices Paid Index for September was 48.6, compared to 40.9 in the previous month.
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