The yuan had its best day in two years against the US dollar on Monday. Photo: Kyodo

Yuan posts biggest gain in two years after temporary trade truce between US and China

  • Chinese currency traded onshore rises 1.09 per cent, its biggest daily increase since February 2016
  • But analysts are sceptical US and China can reach comprehensive trade deal with 90-day grace period
Topic |   Yuan

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The yuan had its best day in two years against the US dollar on Monday. Photo: Kyodo
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.