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China's yuan hits 3-1/2-year high as PBOC extends fixing streak ahead of Xi-Trump meeting
SHANGHAI: China’s yuan climbed to a 3-1/2-year high against the dollar on Tuesday after the central bank set a firmer daily fixing for the 10th straight session, the longest streak since late 2023, while investors awaited a meeting between the leaders of the world’s two largest economies later this week. US Treasury Secretary Scott Bessent offered positive comments about the US-China trade relationship ahead of Chinese President Xi Jinping’s state visit to the US from September 23 to 25 at the invitation of President Donald Trump. While thorny issues like Taiwan may surface, the main focus of ...
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