Yuan strengthens to fresh multi-year high as PBOC softens curb
China’s yuan rose to more than a 3-1/2-year high against the US dollar as the PBOC softened its curb on currency appreciation ahead of the Trump-Xi meeting this week.
China's yuan rose to more than a 3-1/2-year high versus the US dollar on Monday after the central bank eased its curb on currency appreciation before this week's meeting between the leaders of China and the US. US Treasury Secretary Scott Bessent and Chinese Vice Premier…