China trade détente with EU and US supports Yuan
Beijing’s new trade agreement with Brussels and a US–China tariff framework modestly improve China’s external backdrop; the PBoC’s USD/CNY fixing points to a slightly stronger Yuan, with USD-CNY and USD-CNH falling to 6.69 last week.
Original · FXStreet AI summary of public reporting
Why: Trade détente and PBoC fix support Yuan
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At publication → CurrentEUR1.118 → 1.116−0.2%