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Yuan Spikes To 6-Month Highs After Mnuchin's US-China Trade Comments

From zerohedge.com

China's yuan is resurgent in 2019, driving higher against all rationales, spiking to its highest since July tonight following suggestions from US Treasury Secretary Mnuchin that there are plans for top Chinese trade envoy Liu He to journey to the US later this month. As Reuters reports, U.S. officials expect China’s top trade negotiator may visit Washington this month, signaling that higher-level discussions are likely to follow this week’s talks with mid-level officials in Beijing as the world’s two largest economies try to hammer out a deal to end a tit-for-tat tariff war. “The current intent is that the Vice ... (full story)

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