The offshore Renminbi once hit a new high since May 2023.

On Wednesday, the offshore yuan against the US dollar in the New York session was reported at 6.9412, down 61 points from the New York session on Tuesday. The overall intraday trading range was between 6.9290 and 6.9434 yuan. On the daily chart, the offshore yuan approached the highs of May 10, 2023, at 6.9168 yuan, May 4 of the same year at 6.8963 yuan, and the high for that year at 6.6975 yuan at 09:27.