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The yuan's recent appreciation..........>

CHINA PRESS: The yuan's recent appreciation against the dollar is beyond the
expectations of experts, but there are uncertainties whether the strengthening
can be sustained, the Economic Information Daily said in a front-page
commentary. The appreciation is mainly due to the weakening of the dollar, which
is related to uncertainties about Trump administration policies, the report
said. If the policies proposed by President Trump to stimulate the U.S. economy
are implemented, the dollar could rise to some extent, placing pressure on the
yuan exchange rate, the newspaper argued. Better management of yuan expectations
is the key to improving the exchange rate system this year, the newspaper
stressed. Only when the market sees the yuan fluctuate against a basket of
currencies with some pattern and rules can the credibility of exchange rate
policies be enhanced and unreasonable expectations be eliminated, it said.
(Economic Information Daily)

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