China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The Chinese yuan is expected to trade range-bound between 6.50 and 6.70 with a strengthening bias prior to US President Donald Trump’s visit to China set for November 8-10. The yuan’s implied volatility has been rising along with sliding risk reversal since late August, Scotiabank reported.
A neutral risk reversal has paved the way for the regulators to increase two-way flexibility in the yuan exchange rate. In addition, the CFETS RMB Index has remained steady amid bear-steepening UST yield curve and rising DXY Index.
It would open further upside for the USD should the DXY Index rally through the 94 resistance and the 100-day MA line.
Meanwhile, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
