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Hopes for trade talks move yuan to 6-month high

Chinese currency climbs following Beijing meeting with Americans

The yuan strengthened following China-U.S. trade talks that wrapped up on Jan. 9  in Beijing.   © Reuters

SHANGHAI -- The yuan has recovered to a roughly six-month high against the dollar as hopes for progress in China-U.S. trade talks have grown.

The Chinese currency traded at 6.75 per dollar on Tuesday, strengthening from just over 6.80 last week. The working-level trade talks in Beijing ended last Wednesday, one day later than originally planned, with indications that ministerial-level meetings could begin later this month.

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