China's yuan hits 3-year high, stocks retreat, as investors await details from Trump-Xi summit
China's yuan reached a three-year high against the dollar as investors awaited outcomes from the Xi-Trump summit. While stock markets saw profit-taking, the focus shifted to AI advancements, with expectations low for major trade breakthroughs. Both leaders aimed to project stability, with potential for a managed trade mechanism on non-sensitive goods.
China's yuan reached a three-year high against the dollar as investors awaited outcomes from the Xi-Trump summit. While stock markets saw profit-taking, the focus shifted to AI advancements, with expectations low for major trade breakthroughs. Both leaders aimed to project stability, with potential for a managed trade mechanism on non-sensitive goods.
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