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In early December, the U.S. and China agreed to a temporary 90-day ceasefire to allow their negotiating teams to come up with an agreement on trade practices. They have given themselves until March to do so. However, in case they fail to reach a deal, a strategist believes it would spark a recession.

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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 […]

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