China’s offshore yuan weakened to 7.24 per USD, reversing earlier gains due to a lack of significant new details in China’s latest stimulus plan to revive consumer spending. While China’s economic data showed positive growth in retail sales and industrial production, declining factory output and a high urban jobless rate tempered the outlook. Tensions with the US also added uncertainty, especially with President Trump announcing that Chinese President Xi Jinping will visit Washington, though no official timing was confirmed.