MNI INTERVIEW: Yuan's 7 Level Safe Unless.....>

CHINA: MNI INTERVIEW: Yuan's 7 Level Safe Unless Talks Fail: Advisor

- Unless there is a worse than expected outcome from the U.S./China trade talks

come February, there is only a slim chance of the yuan breaking above 7.0

against the U.S. dollar, although the pair will likely remain volatile in an

wide trading band, a government advisor told MNI in an interview. "There is

still a possibility USDCNY breaks the key level of 7 in the first quarter of

next year, particularly if the dollar index rises, maybe approaching 100, as

sterling and the euro weaken under the pressure of Brexit uncertainty," said

Zhao Qingming, chief economist at the Financial Derivatives Institute of the

China Financial Futures Exchange, the only authorized futures exchange in China.

- For full story see MNI Main Wire at 03:50 GMT 12/28, or contact us for full

access.