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Yuan Strengthens on Trade Optimism as Trump Meets Xi in Beijing

The Chinese yuan posted its strongest performance against the dollar in nearly a decade during offshore trading Tuesday following positive early signals from President Donald Trump's state visit to China. Trump's arrival marked the first trip by a sitting US president to Beijing in nearly a decade, with the two-day summit aimed at addressing long-standing trade tensions. Chinese President Xi Jinping delivered a direct warning about Taiwan during opening remarks, cautioning that mismanagement of the issue could spark conflict. The candid but otherwise cordial exchange appears to have eased some market anxiety. Trump and Xi's personal relationship has navigated previous crises including tariff disputes, pandemic disruptions and geopolitical friction over energy markets. Currency traders interpreted the initial momentum as a sign of potential breakthrough negotiations on trade policy.