Chinese Yuan Could See Strong Gains as Trade Deal Brings Stability

The Chinese yuan (CNY) may see significant appreciation following a truce in US-China trade tensions. This shift, sparked by a ‘Phase One’ deal, could unlock sustained growth for the currency due to reduced uncertainty and improved economic outlook. Analysts cite several factors behind this potential rise: China’s economy is showing signs of resilience, capital flows are expected to surge thanks to increased stability, and even the US dollar’s strength may be less dominant in global markets.