Onshore yuan posts strong rally as Trump tariff fears abate ...Middle East

The latest top for USD/CNY is around the 7.33 mark and with "positive talks" between Trump and Xi, it looks like China will be avoiding harsh tariffs - at least for now. That's a far cry from the sure fire promise from Trump during his campaign that he will impose 60% tariffs on China.

If this is any indication of what Trump might do next, it looks like Beijing is quite certain that Trump and Xi have a certain understanding now that tariffs will just remain as a threat for the most part.

This article was written by Justin Low at www.forexlive.com.

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