Economics
Yuan Traders Look to Trump-Xi Meeting to Seal Currency's Course
- Shifts in U.S.-China trade war have been yuan turning points
- Trump and Xi are set to meet on sidelines of G-20 Osaka summit
Chinese one-hundred yuan banknotes
Photographer: Jerome Favre/Bloomberg
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Forecasters penciling in year-end projections for the yuan may want to keep their erasers handy this weekend. With the course of the U.S.-China trade war at stake, Saturday’s presidential meeting has the potential for major implications for exchange rates.