Reuters poll: China's yuan to break 7 per dollar in six months - FX strategists [Reuters]
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Source: Reuters
Reuters poll: China's yuan to break 7 per dollar in six months - FX strategists BENGALURU (Reuters) - China’s yuan is still expected to breach the key 7-per-dollar mark within six months as a dimming economic growth outlook is likely to push the central bank toward easier monetary policy this year, a Reuters poll found. The number of analysts predicting the yuan will weaken to 7 per dollar or beyond at any time during the polling horizon increased in the latest poll from previous months and was the highest since a July 2017 survey. Although the yuan CNY=CFXS The managed currency, also known as the renminbi, went through wild gyrations last year, with the spread between its high and low the widest in almost three decades. For the second month running, a strong majority of analysts who answered an extra question said the yuan would weaken to 7 per dollar within six months, despite a widely-held view the Chinese authorities will step in to defend it at that key level. That view is largel
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