The offshore yuan held steady at around 7.34 per dollar as investors watched closely for potential monetary easing by the People's Bank of China.
Yuan stabilizes as easing speculation grows
Speculation increased over a possible reserve requirement ratio cut, with state media reporting that such a move could come before the Spring Festival, starting January 28, to ease seasonal liquidity pressures. However, the yuan’s ongoing weakness could limit further policy easing.
Investors await key Chinese economic data
Investors are also awaiting key economic data later this week, including China’s Q4 GDP, industrial production, retail sales, and the unemployment rate, all of which are expected to shed light on the country's economic health.
