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Yuan to Strengthen if China Exports Stay Robust: Herald

MNI (Singapore)

The Chinese yuan is expected to further strengthen and exceed 6.3 against the U.S. dollar this year, despite the prospect of U.S. interest rate hikes, should China’s exports continue to perform, the 21st Century Business Herald reported citing traders. The yuan is relatively stable at 6.37 against the dollar, despite that the China-U.S. interest rate spread had narrowed to 106 bps, the lowest since 2021. Regulators should tame one-way bet on the yuan, the newspaper said citing Guan Tao, a former FX regulatory official.

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