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2025.10.2402:19:12UTC+00Offshore Yuan Set for Steady Week

The offshore yuan remained stable at approximately 7.12 per dollar, poised for a relatively uneventful week as markets anticipate the crucial meeting between Presidents Donald Trump and Xi Jinping. Trump is seeking to advance a comprehensive agenda during the discussions, potentially rekindling talks on a long-sought nuclear arms agreement and urging Xi to leverage his influence over Russian President Vladimir Putin to assist in ending the conflict in Ukraine. Concurrently, he indicated plans to prolong the suspension of significant tariffs on Chinese goods in return for renewed American soybean purchases, stricter enforcement on fentanyl exports, and relaxed restrictions on rare-earth materials. In the meantime, China's Fourth Plenum concluded on Thursday with the Communist Party committing to accelerating its drive for technological self-sufficiency. This initiative has gained increased urgency due to the intensifying U.S. limitations on access to advanced semiconductors and other critical high-tech components.

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