As markets in mainland China resumed trading after the week-long Golden Week vacation, 

The offshore yuan strengthened beyond 7.30 per dollar, Reaching its highest levels in a week. This increase was supported by a stronger-than-anticipated official mid-point rate from the central bank. In a recent statement,
 
The People's Bank of China pledged to "resolutely prevent currency overshooting risks and keep the yuan basically stable at reasonable and balanced levels." This year, the yuan was under pressure as a result of China's economic unpredictability and a number of central bank interest rate decreases.

While this was going on, the PBOC maintained its one-year and five-year lending prime rates at 3.45% and 4.2% respectively in September.  as the nation's ailing economy began to show signs of stability.

Investors are now anticipating Chinese inflation and trade data later this week for more cues.

Disclaimer: We don,t provide any Investment advice.