Yuan Spikes To 6-Month Highs After Mnuchin's US-China Trade Comments

Zero Hedge | 1/10/2019 | Staff
Kota79Kota79 (Posted by) Level 4
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China's yuan is resurgent in 2019, driving higher against all rationales, spiking to its highest since July tonight following suggestions from US Treasury Secretary Mnuchin that there are plans for top Chinese trade envoy Liu He to journey to the US later this month.

As Reuters reports, U.S. officials expect China’s top trade negotiator may visit Washington this month, signaling that higher-level discussions are likely to follow this week’s talks with mid-level officials in Beijing as the world’s two largest economies try to hammer out a deal to end a ****-for-tat tariff war.

Intent - Vice - Premier - Liu - Come

“The current intent is that the Vice Premier Liu He will most likely come and visit us later in the month and I would expect the government shutdown would have no impact,” U.S. Treasury Secretary Steven Mnuchin told reporters on Thursday in Washington.

“We will continue with those meetings just as we sent a delegation to China.”

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