The offshore yuan weakened to around 7.13 per dollar on Friday, following three consecutive sessions of stability, as the greenback gained some ground amid investors largely brushing off concerns about the US government shutdown. Markets drew confidence from historical data suggesting minimal fallout from similar past events. Meanwhile, US Trade Representative Jamieson Greer stated earlier this week that current tariffs on approximately 55% of Chinese imports represent a “good status quo.” However, he indicated that the Trump administration remains open to exploring opportunities for expanding bilateral trade. His comments imply that there is unlikely to be any immediate rollback of tariffs on Chinese goods ahead of the November 10 deadline, when the temporary trade truce between the two nations is set to expire. Domestically, China’s “Golden Week” holiday is ongoing and will run through October 8. Despite Friday’s decline, the index remains on track to finish the week flat.