the yuan onshore closed at a new 14-month high against the dollar on Tuesday (Dec. 16, 2025), supported by the depreciation of the U.S. currency, China's trade surplus, and increased foreign demand for yuan-denominated assets.

The currency ended the domestic session at 7.0425 per dollar, up about 0.9% since November. The offshore yuan briefly surpassed the 7.04 mark, reaching around 7.035.