The value of the US dollar and Chinese yuan has significantly increased following news of a temporary trade agreement between the United States and China, which includes a 115% tariff reduction for a 90-day period.
As a result of this announcement, the US dollar has strengthened against the British pound, the euro, and the Japanese yen reflecting optimism in financial markets and expectations of improved trade relations between the two economic superpowers.
Meanwhile, the Chinese yuan has appreciated not only against these major currencies but also against the US dollar itself a rare development that signals market confidence in the positive impact of the agreement.
