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SHANGHAI, Oct 9 (Reuters) - China's yuan held steady against the U.S.<br> <br> <br> <br> <br> <br> dollar on Wednesday, as investors awaited more stimulus <br> <br> from the world's second-largest economy and the <br> <br> Federal Reserve's September meeting minutes due later in the day to gauge <br> <br> its policy path. The dollar held steady, giving some relief to the yuan after a sharp rally to a seven-week high last week.<br> <br> <br> <br> <br> <br> Spot yuan opened at 7.0650 per dollar and <br> <br> was last trading 12 pips lower than the previous late session close at <br> <br> 7.066. Prior to the market opening, the People's Bank of China (PBOC) <br> <br> set the midpoint rate, around which the yuan is allowed to trade in a 2% band,<br> <br> at 7.0568 per dollar, only 3 pips weaker than a Reuters' estimate.<br> <br> <br> <br> <br> <br> China's blue-chip CSI300 index dropped for the first time since <br> <br> Sept. 13, poised to snapping a 10-day winning streak, after officials <br> <br> on Tuesday failed to offer much new on stimulus plans to revive the <br> <br> economy. The yuan is down 0.7% against the dollar so <br> <br> far this month, due to broad dollar strength, but <br> <br> the currency has 0.5% firmed for the year-to-date.<br> <br> <br> <br> <br> <br> China equities' recent rally has raised the bar for an upside <br> <br> surprise from expected fiscal stimulus news, said UBS strategists led by Rohit <br> <br> Arora, adding that the offshore yuan's near-term risk reward is unattractive.<br> <br> <br> <br> "Historically, fizzling of China equities' spurts acted as a bigger drag on CNH vis-à-vis the tailwinds from equities' surge," the strategists said.<br> <br> <br> <br> <br> <br> Nevertheless, market participants are still awaiting additional stimulus measures that <br> <br> could help further lift China asset sentiment. Citi FX traders think the offshore yuan could trade well if local equities remain supported, similar to what happened in Nov.<br> <br> 2022 - Jan. 2023, according to the bank's note to clients.<br> <br> <br> <br> The offshore yuan traded at 7.0682 yuan per dollar, up about 0.09% in Asian trade.<br> <br> <br> <br> The dollar's six-currency index was 0.039% higher at 102.53.<br> <br> LEVELS AT 02:44 GMT INSTRUM CURRENT UP/DOWN( % DAY'S DAY'S ENT <br> <br> vs USD -) VS. CHANGE HIGH LOW PREVIOUS YR-TO-D CLOSE % ATE Spot 7.066 -0.07 0.51 7.063 7.0697 yuan &lt;CNY=CF XS Offshor 7.071 0.09 0.81 7.064 7.0741 e yuan spot &lt;CNH=D3 > <br> <br> (Reporting by Shanghai Newsroom; Editing by Kim Coghill)<br> <br> <br> <br> Look at my site: <a href="https://flohmarkt.familie-speckmann.de/roecke/what-experts-don-t-want-you-to-know-92.html">ร้านดอกไม้มินิมอล</a>