{
  "id": 9501180,
  "title": "China's yuan slips as investors await Trump-Xi talk details",
  "url": "https://urgent.news/2026/09/24/chinas-yuan-slips-as-investors-await-trump-xi-talk-details",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T05:54:50.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40441000/chinas-yuan-slips-as-investors-await-trump-xi-talk-details"
  },
  "original_language": "en",
  "account": "HONG KONG: China's yuan declined against the US dollar on Thursday as expectations of a Federal Reserve rate hike pushed the dollar higher. Investors were awaiting the outcome of the Trump-Xi summit in Washington, causing caution among market participants. The US dollar surged to its highest level in nearly two months overnight, with Treasury yields and Fed tightening expectations strengthening the dollar and putting pressure on the yuan and other Asian currencies. The spot yuan fell 0.09% to 6.7171 per dollar, after trading between 6.7141 and 6.7195. The People's Bank of China set the midpoint rate at 6.7489 per dollar, 305 pips below a Reuters estimate. The yuan is permitted to trade within a 2% range of the fixed midpoint rate each day. US President Donald Trump greeted Chinese President Xi Jinping in Washington on Wednesday for a three-day visit, and Treasury Secretary Scott Bessent confirmed a two-month extension of the trade truce, which was shorter than anticipated. Although deep differences remain, market expectations for the talks are low, anticipating limited results. The offshore yuan traded at 6.7182 per dollar, down around 0.09% in Asian trade. The dollar's six-currency index stood at 101.15. Analysts noted that China's yuan rally to a 3-1/2-year high indicated that markets had partially priced in the stabilization of US-China relations. However, the key focus now is whether there will be any new developments related to tariffs, technology, and other areas. China's central bank announced that it would inject up to 1 trillion yuan ($149 billion) per day through short-term liquidity tools around the start of the month as the Golden Week holiday approached. OCBC strategists anticipate that the yuan will maintain its usual ranges due to potential liquidity thinning out during the upcoming China holidays.",
  "summary": "HONG KONG: China’s yuan dipped against the dollar on Thursday , as rising near-term Federal Reserve rate hike expectations drove the greenback higher, while cautious investors awaited the outcome of the Trump-Xi summit in Washington. The US dollar rallied to its highest level in nearly two months overnight as investors’ expectations of a near-term rate hike grew, pushing benchmark 10-year…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "China’s trade volumes hit record in week before Trump-Xi summit",
        "url": "https://urgent.news/2026/09/24/chinas-trade-volumes-hit-record-in-week-before-trump-xi-summit",
        "published": "2026-09-24T02:27:10.000Z"
      }
    ]
  },
  "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."
}