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China’s currency moves will be the best measure of how well trade talks are going between the US and China

  • China's currency has been firming against the dollar since just before President Donald Trump and China President Xi Jinping met in Buenos Aires, and strategists believe the behavior of the renminbi or yuan could be the best barometer for trade talks.
  • China’s central bank sets a daily exchange rate for the yuan based on recent prices, and allows trading against the dollar in a band that could be as much as 2 percent above or below that level.
  • There are signs the central bank is taking steps to steady the currency, and strategists said it would not be a good sign for trade talks if the yuan suddenly gets more volatile or falls sharply against the dollar.

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