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Exchange rate unlikely to be a major factor at Trump-Xi summit: Barclays' Mitul Kotecha

Mitul Kotecha, Head of FX and EM Macro Strategy at Barclays, says a major breakthrough or concrete agreement is unlikely to emerge from a summit between U.S. President Donald Trump and Chinese President Xi Jinping. He adds that while the yuan's exchange rate remains a focus, the People's Bank of China's midpoint fixings are unlikely to be a major point of discussion.
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