S&P 500 — US Large Cap Index
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Euro Stoxx 50 — Eurozone Leaders
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IPC Index — Mexico Market
The offshore yuan held firm around 6.74 per dollar on Friday, remaining at its strongest level since early February 2023, as Beijing’s efforts to accelerate the yuan’s internationalization continued to bolster the currency. A growing number of Chinese commercial banks have added roughly a dozen currencies to their direct yuan settlement and clearing networks, including the Thai baht, Brazilian real, and Kazakhstani tenge. The latest move is expected to help Chinese firms further reduce their dependence on the US dollar as the country’s trade ties and overseas investments continue to expand, while also supporting President Xi Jinping’s ambition to build a “powerful currency.” Meanwhile, investors awaited upcoming trade data after China unveiled fresh retaliatory measures against the US, including tighter drone export controls, sanctions on seven American firms, and its first national security probe linked to foreign trade.
