The yuan is expected to be strong.......>

CHINA PRESS: The yuan is expected to be strong supported by the prospect of

China reaching a trade agreement with the U.S. and the volatility of the dollar

index due to risky events such as the Brexit, the Securities Daily reported

citing Wang Qing, the chief analyst at credit rating agency Dongfang Jincheng.

That the PBOC has refrained from cutting required reserve ratios and boosting

liquidity may be out of the intention to keep the yuan exchange rate stable, the

newspaper reported citing Cao Xiao, the director of quantitative finance center

at Shanghai University of Finance and Economics. The yuan has been supported by

a larger trade deficit incurred by the U.S. and China's better-than-expected Q1

indicators, Cao was cited as saying.