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China’s PBOC Strengthens Yuan Fix Ahead of Trump-Xi Summit
Source: Bloomberg
Currency & FXMonetary PolicyGeopolitics & WarTrade Policy & Supply Chain
China’s central bank strengthened the yuan’s daily reference rate for a fifth consecutive session, seeking to counter recent US dollar gains. The move comes ahead of a planned Xi Jinping-Donald Trump summit later this month, highlighting Beijing’s effort to maintain currency stability amid potentially sensitive US-China trade discussions.
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