Yuan firms on Kudlow comment on trade deal, but set for first weekly loss in six
(WorldNews Business)

SHANGHAI — China’s yuan flitted either side of the key 7 per-dollar level on Friday, supported by White House economic adviser Larry Kudlow saying negotiators were “getting close” to a preliminary trade deal to de-escalate the U.S.-China tariff war. Prior to market opening on Friday, the People’s Bank of China set the midpoint rate at 7.0091 per dollar, 8 pips weaker than the previous fix of 7.0083. In the onshore market, the yuan opened at 7.0047 per dollar, and quickly strengthened to 6.9982 before settling back at 7.0081 by midday, to stand 119...