China’s Yuan Hits 44-Month High Ahead Of Trump-Xi Summit

The post China’s Yuan Hits 44-Month High Ahead Of Trump-Xi Summit appeared first on Coinpedia Fintech News

China’s yuan strengthened to 6.6957 per dollar Monday, its strongest level since January 2023, as the People’s Bank of China eased its longstanding grip on the currency’s appreciation. For nearly a year, Beijing had deliberately set its daily reference rate weaker than markets wanted, capping the yuan’s rise. That restraint loosened sharply this month, just …