USD/CNH Stays Around 7.1800 as US-China Talks Continue
The currency pair USD/CNH stayed close to 7.1800 on July 29, 2025. This is because the US and China started their second day of trade talks in Stockholm. These talks are about extending the pause on tariffs for 90 more days. This will help both countries avoid new problems in trade.
The US dollar stayed strong, but there was not much movement in the pair. Traders are waiting to see what happens in these meetings. US official Scott Bessent and China’s He Lifeng talked for more than five hours. People are also hoping that Trump and Xi may meet later this year to support peace in trade.
At the same time, the market is watching the Federal Reserve’s interest rate decision on Wednesday. Many believe the Fed will not change rates. This helps keep things calm in the market.
Traders are also paying attention to US inflation data and July job numbers, which will be shared soon. These reports may give clues about the US economy and what the Fed will do next.
Right now, the market is quiet. Traders are waiting for news from both the US-China talks and the Federal Reserve.
Impact:
USD/CNH could stay steady if trade talks go well. A deal on tariffs might improve market mood. Fed’s next move might also affect the pair.