The People's Bank of China set the yuan's central parity rate at 6.7841 per US dollar on August 24, marking a downward adjustment of 24 basis points from the previous session.

According to the CME FedWatch tool, market expectations show a 59.0% probability that the Federal Reserve will maintain its current interest rate target range at its September meeting, while the odds of a 25-basis-point hike stand at 41.0%.

Looking further ahead, the data indicates a 46.6% likelihood of rates remaining unchanged through October, alongside a 44.8% probability of a cumulative 25-basis-point increase and an 8.6% chance of a cumulative 50-basis-point rise by that time.