Offshore CNY Breaks 6.80 Against USD for Consecutive Two Days, Market Confidence Strengthens

GateNews

According to China Finance 100, offshore Chinese yuan strengthened against the U.S. dollar on May 9, breaking the 6.80 level for the second consecutive day. The move reflects sustained U.S. dollar weakness and China’s resilient trade competitiveness, according to Zeng Gang, director of the Shanghai Institute of Finance and Development. Onshore and offshore yuan rates moved in tandem, signaling strengthened market confidence in yuan-denominated assets.

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