The yuan may rebound to about 6.75 in...>

CHINA PRESS: The yuan may rebound to about 6.75 in the fourth quarter as

policymakers signaled preference for stability while applying macro-prudential

controls, cross-border capital regulations and prevention of unorderly flow of

cross-border funds, Securities Daily said in an analysis citing Wang Youxin, a

researcher at the Bank of China International. The yuan rose 58 basis points

against the dollar largely on the weakened dollar index and the reported

resumption of trade talks between China and U.S. may resolve the trade row, the

newspaper said citing Wang. While the Fed raising rates may still pressure the

yuan in September, the prospect of increased inter-party conflicts in the U.S.

during the midterm election may weaken the dollar and boost the yuan, the

newspaper said.