The Chinese yuan soared past 7 per U.S. dollar on Tuesday, climbing to a fresh three-month high amid trade optimism.
on Tuesday, climbing to a fresh three-month high as investors became increasingly hopeful about the chances of a possible trade deal between the world's two largest economies.
. It was the first time the White House had done so since President Bill Clinton's administration in 1994. Market participants expect the two economic giants to sign a limited trade agreement later this month after both Washington and Beijing spoke of progress in talks late last week.had said on Friday that trade negotiations were going well and he hoped to sign a deal with Chinese President Xi Xinping at a U.S. location when work on the deal was completed.
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