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The Chinese yuan spikes to a 3-month high as trade tensions ease
12 days ago - By Business Insider
The Chinese currency is trading at 6.8373 yuan per dollar, i ts highest level in almost three months.
The onshore yuan has rallied 1.8% this week, its largest two-day gain in more than a decade.
The yuan's gains come after a trade-war truce soothed tariff nerves and as US Treasury yields slipped.
The Chinese currency hit its highest level in three months, at 6.8373 yuan per dollar, after a tentative trade truce between the US and China.
The onshore yuan, which trades on China's domestic markets, has rallied 1.8% this week, making for its largest two-day gain since July 2005 - when China...
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