Chinese Yuan Hits Three-Year High as Markets Await Trump-Xi Summit

The Chinese yuan surged to its highest levels against the US dollar in three years during Thursday's trading, fueled by widespread market anticipation surrounding the upcoming summit between US President Donald Trump and Chinese President Xi Jinping in Beijing. According to reports from Asharq Al-Awsat, the currency's sharp rise reflects investor optimism that the meeting, focused primarily on economic issues amid global pressures, could yield positive outcomes for trade relations.