Yuan to gain from U.S.-China deal but vulnerable: ex-currency regulator

The Chinese yuan will benefit from a de-escalation of Sino-U.S. trade tensions b...

FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White

The interim deal reached by Washington and Beijing means trade frictions have ameliorated, reducing uncertainty and boosting market confidence in the yuan, the newspaper said, citing Guan Tao, a former official at the State Administration of Foreign Exchange.

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