The volatility of the yuan exchange.....>

CHINA PRESS: The volatility of the yuan exchange rate is expected to increase to

a range of 6.4 to 6.8 against the U.S. dollar in 2018, the Economic Information

Daily said in its front page commentary on Tuesday. The greenback will weaken

further as the Federal Reserve continues its rate hike cycle, the market

expectation on European central bank's withdrawal from its quantitative easing

program and the future launch of rates hikes is likely to form in the second

half of next year, the newspaper said. China will insist the policy of

strengthening regulations, curbing bubbles, preventing risks and deleveraging so

that the Chinese economy will maintain a stable growth rate above 6.4%, the

commentary predicted. Therefore, the yuan can appreciate next year and in the

longer term. But uncertainties include possible policy changes by the U.S.

government, the outlook for European monetary policy and the strength and pace

of China's regulation and reform, the commentary warned. (Economic Information

Daily)