China’s yuan weakened Wednesday after the PBOC set a weaker midpoint, ending a 10-session streak of stronger guidance. Rising trade tensions with Europe, concerns over exports and a stronger dollar weighed on sentiment. Markets now await the Trump-Xi meeting, which could influence trade relations, currency policy and the yuan’s trajectory.
China’s yuan weakened Wednesday after the PBOC set a weaker midpoint, ending a 10-session streak of stronger guidance. Rising trade tensions with Europe, concerns over exports and a stronger dollar weighed on sentiment. Markets now await the Trump-Xi meeting, which could influence trade relations, currency policy and the yuan’s trajectory.
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