Strengthening yuan supports metal, mineral prices

A thaw in trade relations between the United States and China is lending broad support to commodity prices, with the yuan strengthening against the dollar.

The Chinese currency was trading at 6.87 yuan to $1 on Tuesday January 21, down by 1.6% from a month earlier, and down by 3.8% from a peak reached in September 2019.

The strength of the yuan against the dollar has been a barometer for US-China trade relations since US President Donald Trump first imposed tariffs on Chinese goods...


William Clarke

January 21, 2020

15:45 GMT