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Global Market: Yuan slips as PBOC signals caution on currency appreciation

Chinas yuan weakened Wednesday after the PBOC set a weaker midpoint, ending a 10-session streak of stronger guidance. Rising trade tensions with Europe, concerns over exports and a stronger dollar weighed on sentiment. Markets now await the Trump-Xi meeting, which could influence trade relations, currency policy and the yuans trajectory.

23 Sep 2026 9:46 am