USD/CNH falls 0.3% as China confirms ongoing US communications post-Geneva

USD/CNH has declined 0.3% to 7.2450 following China's confirmation of maintained diplomatic communications with the United States since Geneva talks. Chinese officials expressed particular concern over semiconductor export controls and EU tire anti-dumping probes, while emphasizing their commitment to defending legitimate business interests. The yuan's strength reflects market optimism about continued dialogue despite ongoing trade tensions. China's measured response to the recent US court ruling on Trump tariffs suggests Beijing is taking a pragmatic approach to bilateral relations. The offshore yuan has found support at 7.2400, with resistance emerging at 7.2650. Technical indicators point to further yuan appreciation if diplomatic channels remain open, potentially pushing USD/CNH toward 7.2000. However, any escalation in semiconductor restrictions or non-tariff trade measures could quickly reverse these gains.