{
  "id": 10379408,
  "title": "China's yuan eases after Trump-Xi meeting, but exports underpin further strength",
  "url": "https://urgent.news/2026/09/28/chinas-yuan-eases-after-trump-xi-meeting-but-exports-underpin-further-10379408",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-28T05:54:38.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40441565/chinas-yuan-eases-after-trump-xi-meeting-but-exports-underpin-further-strength"
  },
  "original_language": "en",
  "account": "Shanghai, China saw the yuan slip against the dollar on Monday, as growing economic imbalances emerged in the backdrop of President Xi Jinping's visit to Washington. Despite this, analysts remain optimistic about the yuan's long-term strength, primarily driven by robust Chinese exports. The yuan has been appreciating steadily, though at a slower pace, due to potential higher U.S. interest rates boosting the dollar's allure.\n\nHuatai Futures, a market analyst, noted that following the meeting between Chinese and U.S. leaders, trade and geopolitical factors have taken a backseat for now. The onshore yuan ended Monday's trading session at 6.7142 per dollar, a 0.03% decline from the previous day's close. Simultaneously, the dollar index edged up to 101.09, inching closer to a two-month peak.\n\nThe United States and China reached an agreement to reduce tariffs on $30 billion of goods each, and initiated discussions on artificial intelligence. COFCO Futures, another brokerage, anticipated that the tariff reduction would help maintain China's strong export momentum, keeping the yuan stable in the fourth quarter. However, they cautioned about the risks of a widening US-China yield spread and shifts in external demand.\n\nThe dollar's rise can be attributed to rising interest rates and inflation expectations, which provide additional support. While the yuan has become less responsive to dollar strength, the prospect of rising U.S. Treasury yields could dampen its appreciation further. On Thursday, the People's Bank of China aimed to stabilize market expectations, warning against market herd behavior. The central bank had set the yuan's midpoint at 6.7399 per dollar, the strongest level since February 3, 2023.",
  "summary": "SHANGHAI: China’s yuan slipped against the dollar on Monday, dampened by signs of growing economic imbalances as attention shifts to fundamentals following President Xi Jinping’s visit to Washington. But analysts expect the yuan will continue to strengthen on the back of China’s robust exports, although at a slower pace, as potentially higher US interest rates will increase the dollar’s appeal.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "China’s yuan eases after Trump-Xi meeting, but exports underpin further strength",
        "url": "https://urgent.news/2026/09/28/chinas-yuan-eases-after-trump-xi-meeting-but-exports-underpin-further",
        "published": "2026-09-28T04:47:14.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "Giant pandas arrive in US after Trump-Xi summit: What is China’s ‘panda diplomacy’?",
        "url": "https://urgent.news/2026/09/28/giant-pandas-arrive-in-us-after-trump-xi-summit-what-is-chinas-panda",
        "published": "2026-09-28T05:43:38.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}