Whether the yuan will continue to.......>

CHINA PRESS: Whether the yuan will continue to strengthen against the U.S.

dollar as it approaches the recent high  seen last September will be determined

by signals from the People's Bank of China, the Securities Times said in a

front-page commentary Wednesday. The newspaper warned a continued rise of the

yuan could pose a risk to Chinese economic growth by hurting exports, noting

that growth in 2017 was buoyed by strong overseas demand. An excessive rise in

the yuan would also stimulate renewed appreciation speculation in the foreign

exchange market, the commentary argued. In September, the PBOC cut the reserve

requirement for trading foreign currency forwards to zero from 20%, which was

seen at the time as an attempt to rein in further a further strengthening of the

yuan.  The market will wait and see whether the PBOC will announce another such

measure in the period ahead, the newspaper said. (Securities Times)