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China yuan surges to three year high as Trump Xi talks stall expectations
Economy
Published on 14 May 2026
Markets look past trade wins to AI race signals
China’s yuan climbed to a three-year high against the dollar as investors digested the lead-up to the Trump-Xi summit. Equities pulled back on profit-taking, while attention tilted to AI progress. Despite hopes for stability and a possible managed trade approach on non-sensitive goods, expectations remain low for major trade breakthroughs.
- Yuan hits a three-year high versus the dollar
- Stocks retreat as traders take profits
- Investors focus more on AI than trade deals
- Possible managed trade on non-sensitive goods is discussed
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times