The yuan exchange rate is unlikely to...>

CHINA PRESS: The yuan exchange rate is unlikely to fall below the psychological

7 mark against the U.S. dollar in the last month of the year, as external risks

seem be to easing, said China Securities Journal in its front-page on Tuesday.

- An increasing number of market participants believe the U.S. economy is

gradually approaching a turning point, as fiscal stimulus starts to fade and the

lag effect of raising interest rates begin to appear. The Fed has limited room

for further interest rate hikes, the Journal said.

- Meanwhile, the Sino-U.S. rate spread remains stable at a low level, which will

also help to ease depreciation pressure on the yuan, the newspaper said.

(Link to the story: https://bit.ly/2E1ralY)