The yuan is unlikely to continue to.....>

CHINA PRESS: The yuan is unlikely to continue to depreciate significantly,

though it will be under pressure for a short period of time, as external

headwinds sour market sentiment, the Financial News, a newspaper run by the

central bank, said in the front page on Tuesday. At present, the forex market is

not expecting a much weaker yuan, and the offshore market expects the yuan to be

6.87 to 6.88 per dollar a year out, which is about 500 bps weaker than the

current level, the newspaper said citing Xie Yunliang, chief analyst at Minsheng

Securities. This compared to January 2016 and January 2017, during when the yuan

was expected to depreciate by more than 2,800 and 3,100 bps, the paper added.