Yuan Plunges: China’s Currency Hits 11-Week Low Against US Dollar Amid Global Economic Turmoil

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BREAKING: China’s yuan fell to an 11-week low against the US dollar on April 7, 2025, driven by heightened Sino-US trade tensions and concerns over China’s economic outlook

The onshore yuan reached 7.3165 per dollar, its weakest level since January 20, while the offshore yuan traded at 7.3255 per dollar. Despite central bank efforts to stabilize the currency by setting a firmer midpoint rate, the yuan continues to face depreciation pressure amid escalating tariffs and global market uncertainty

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