The yuan is expected to maintain........>

CHINA PRESS: The yuan is expected to maintain short-term stability, the China

Securities Journal reported Wednesday. The U.S. dollar could fall slightly due

to concerns that American tax overhaul legislation may not be passed this year,

but because economic fundamentals are strong in the U.S., the dollar is unlikely

to decline much. On the other hand, analysts said, the yuan will be buoyed by

China's strong fundamentals and stability-encouraging policies. The dollar index

and yields of U.S. Treasuries are expected to experience small-scale

fluctuations due to uncertainties about the tax overhaul. Although the CFETS

yuan exchange rate index has dropped for two weeks, it is still within a recent

average, so there are no signals of depreciation. As long as the dollar index

fluctuates within a tight range, the CFETS index will also tend to keep within

that range, the newspaper said. (China Securities Journal)