China's yuan hits three-year high days before Xi-Trump summit

rss · Nikkei 2026-05-11T04:27:05Z en
CurrenciesRally comes amid criticism of reliance on depreciation to fuel exportsChina's onshore yuan touched 6.79 per dollar in morning trading on May 11, its highest point since February 2023.  © ReutersSHANGHAI -- China's currency on Monday hit a fresh three-year high against the dollar, underscoring the yuan's momentum ahead of a key summit between President Xi Jinping and his U. S. counterpart, Donald Trump, later this week.

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