Beijing is expected to keep its currency stronger than seven yuan to a US dollar at least until a possible meeting between presidents Xi Jinping and Donald Trump later this month. Photo: AP Beijing is expected to keep its currency stronger than seven yuan to a US dollar at least until a possible meeting between presidents Xi Jinping and Donald Trump later this month. Photo: AP
Beijing is expected to keep its currency stronger than seven yuan to a US dollar at least until a possible meeting between presidents Xi Jinping and Donald Trump later this month. Photo: AP

Yuan likely to drop below rate of seven to US dollar within three months, state-owned lender Bocom International says

  • Forecast based on positions built by foreign-exchange traders
  • Central bank has no intention of softening currency to fight trade war

Topic |   Yuan
Beijing is expected to keep its currency stronger than seven yuan to a US dollar at least until a possible meeting between presidents Xi Jinping and Donald Trump later this month. Photo: AP Beijing is expected to keep its currency stronger than seven yuan to a US dollar at least until a possible meeting between presidents Xi Jinping and Donald Trump later this month. Photo: AP
Beijing is expected to keep its currency stronger than seven yuan to a US dollar at least until a possible meeting between presidents Xi Jinping and Donald Trump later this month. Photo: AP
READ FULL ARTICLE