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The Trump-Xi summit's two-month trade truce extension is a "main disappointment" of the meeting, BofA Securities says in a research note. The outcome, which falls short of BofA's expectation of a one-year extension, "appears more closely aligned with the U.S. position," the bank says. China didn't…
The offshore yuan weakened past 6.71 per dollar on Thursday, hitting its lowest level in nearly three weeks, as a firm US dollar and uncertainty over the extension of the US-China trade truce weighed on the currency. The greenback remained supported by rising expectations for further policy tightening, with markets now