News of a “very good conversation” on trade between presidents Donald Trump and Xi Jinping has strengthened the yuan-dollar rate. But the Chinese currency’s outlook remains uncertain. Photo: Reuters
Hao Zhou
Opinion

Opinion

The View by Hao Zhou

How the Trump-Xi phone call and rumours of a trade deal have provided short-term relief to the yuan, but cloud the long-term outlook

  • Hao Zhou and Esther Reichelt say the ‘very good conversation’ on trade between the US and Chinese presidents has eased market fears
  • However, the market is hesitant to take the US president too seriously, and the Chinese currency’s outlook remains uncertain

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News of a “very good conversation” on trade between presidents Donald Trump and Xi Jinping has strengthened the yuan-dollar rate. But the Chinese currency’s outlook remains uncertain. Photo: Reuters
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