(Yicai Global) Dec. 13 -- Both the onshore and offshore yuan-dollar rates favored the redback this morning, keeping it under the threshold of seven to one again for the first time since Nov. 11, as news of the progress of trade talks came in from US President Donald Trump's Twitter feed.

The onshore yuan opened 306 basis points firmer at 6.9738 after closing at 7.0044 yesterday and continued down to a nadir of 6.9610 this morning. The offshore redback run almost 320 bips weaker at 6.9675 than its previous close of 6.9351, which was itself 950 bips stiffer than yesterday's opening at 7.0303.

Editor: Ben Armour