China's yuan ends at 5-1/2-month high as investors welcome Biden-Xi meeting


SHANGHAI: China's yuan ended Tuesday's domestic trading session at a 5-1/2-month high against the dollar, as investors welcomed talks between U.S. President Joe Biden and Chinese leader Xi Jinping.

Both the onshore and offshore yuan jumped, with the onshore spot price hitting a high of 6.3666 per dollar before ending domestic trading session at 6.3770, the strongest such close since June 1, up 0.11% from previous late night close.

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JOe Biden , Xi Jinping , Yuan , renminbi

   

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