The offshore yuan steadied around 7.18 per dollar on Wednesday, as investors assessed the outcome of two-day US-China trade talks held in London. The negotiations resulted in a framework agreement aimed at implementing the Geneva consensus and advancing commitments made during a recent presidential call. Under the framework, China is expected to ease export restrictions on rare earth minerals and magnets, while the US is considering relaxing its curbs on advanced technology exports to China. While both countries will seek final approval from their respective leaders before proceeding, the agreement has raised hopes among investors that it could help ease the ongoing trade war between the world’s leading economies. In China, investor attention is shifting to a batch of key economic data due next week, including industrial output, retail sales, and the unemployment rate.