Chinese yuan hit the strongest level in seven months
Chinese yuan hit the strongest level in seven months

Chinese yuan hit the strongest level in seven months

 

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Chinese hit its strongest level in nearly seven months on Tuesday, as investors are relieved that a US-China trade deal appeared to be still on tack despite rising tensions between the world's two largest economies.

A weekend review of the trade agreement was postponed to give China more time to ramp up its purchases of US goods, but White House trade adviser Peter Navarro said on Monday that the Phase 1 trade deal was still on track.

The spot yuan ended the domestic trading session at 6.9257 per dollar, its strongest close . . .

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