China's Yuan Hits 4-Year High Before Trump-Xi Meeting

China's currency, the yuan, reached its strongest level in four years on Thursday. The rise comes just before a planned meeting between U.S. President Donald Trump and Chinese President Xi Jinping. Investors are watching the talks closely for signs of progress on trade. A stronger yuan can signal growing confidence in China's economy. China also said it will expand the use of its currency in global clearing systems. Clearing is the process banks use to settle payments between countries. The move aims to make the yuan easier to use in international trade. The Trump-Xi meeting is expected to cover trade, tariffs, and other economic issues.