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CHINA PRESS: Yuan To Fluctuate Between 7.1-7.3 Against Dollar - Traders

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

The yuan will likely fluctuate between 7.1-7.3 against the U.S. dollar in 2025, as Chinese authorities are expected to keep the currency from overshooting should it temporarily fall below 7.3, National Business Daily reported Monday citing traders. The increasing use of yuan in cross-border trade and investment settlement will alleviate the volatility, and more companies are using forex derivatives to hedge the risk of yuan correction, weakening the "herd effect" of betting on one-way movement, the newspaper said. China's high-level forex reserves also provide strong support, acting as a deterrence against speculation, the newspaper added.

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The yuan will likely fluctuate between 7.1-7.3 against the U.S. dollar in 2025, as Chinese authorities are expected to keep the currency from overshooting should it temporarily fall below 7.3, National Business Daily reported Monday citing traders. The increasing use of yuan in cross-border trade and investment settlement will alleviate the volatility, and more companies are using forex derivatives to hedge the risk of yuan correction, weakening the "herd effect" of betting on one-way movement, the newspaper said. China's high-level forex reserves also provide strong support, acting as a deterrence against speculation, the newspaper added.