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Yuan hits fresh multi-year peak as PBOC eases curb ahead of Trump-Xi summit
HONG KONG: China’s yuan strengthened to more than a 3-1/2-year high against the US dollar on Monday as the central bank softened its curb on currency appreciation ahead of the meeting this week between the leaders of China and the US. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded talks in New York on Sunday, laying the groundwork for President Donald Trump and Chinese President Xi Jinping to consider at their summit on Thursday. The two sides are expected to discuss AI, trade relations, supply chains and Middle East tensions, among other issues, although ana...
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