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"SHANGHAI: China's yuan firmed against the dollar on Thursday, as the greenback broadly fell in global markets and the US Treasury reaffirmed it would press China on its yuan currency policy.The US Treasury will press China in bilateral meetings next week to keep moving toward a market-determined exchange rate, reduce excess industrial capacity, and make reforms that boost domestic consumption, a senior Treasury official said on Wednesday.Traders expect that the annual US-China Strategic and", www.brecorder.com
"The Chinese yuan is expected to weaken around 2.5 percent over the coming year as the dollar rallies on expectations of U.S. interest rate hikes and as China's central bank sets lower mid-points for its mostly-managed currency, a Reuters poll found.", www.reuters.com
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