SHANGHAI, Dec 6 (Reuters) - The yuan was little changed on Friday against the dollar,<br>
<br>
but is headed for its tenth straight weekly loss amid concerns that new tariff threatened <br>
<br>
by President-elect Donald Trump will heighten strains on the <br>
<br>
struggling Chinese economy.<br>
<br>
Analysts expect the dollar to remain firm as Trump's policies <br>
<br>
are expected to drive up U.S. inflation, but they believe Beijing will prevent the yuan from falling too <br>
<br>
much. "We anticipate some depreciation pressure in an expected strong dollar environment," Lynn Song, Greater China chief economist at <br>
<br>
ING, said in a note.<br>
<br>
<br>
<br>
However, "we don't expect an intentional large-scale depreciation and think the yuan will remain a low-volatility currency vis-à-vis most other Asian currencies." <br>
<br>
The yuan was changing hands at 7.2549 per dollar around midday, <br>
<br>
little moved from the previous close.<br>
<br>
Although the currency has rebounded from a one-year low of 7.2996 <br>
<br>
hit on Tuesday, it is poised to register its <br>
<br>
longest weekly losing streak since 2018.<br>
<br>
<br>
<br>
The dollar index fell to one-week low overnight and "the USD's consolidation should unwind the upside pressure building" in the yuan, <br>
<br>
aided by ongoing attempts by China's central bank to restrain its decline, said <br>
<br>
Alvin Tan, strategist at RBC Capital Markets.<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
Recent data has painted a mixed picture of China's economic recovery, with manufacturing <br>
<br>
activities improving, but property sales in many <br>
<br>
Chinese cities remaining weak. China's "economic landscape is unarguably dull, and the absence of excitement is perhaps the most salient feature," said John Browning, managing director <br>
<br>
of BANDS Financial.<br>
<br>
<br>
<br>
He doesn't expect huge stimulus to be announced during next <br>
<br>
week's Central Economic Work Conference, as "Beijing's largesse will be reserved until after Trump is restored to the White House and the trade war formally begins." Top policymakers <br>
<br>
will gather at the conference to agree on major economic goals for next year.<br>
<br>
<br>
<br>
But the target for 2025 growth, one of the most closely-watched indicators globally for clues of Beijing's near-term <br>
<br>
policy intentions, likely will not be officially announced until an annual parliament meeting in March.<br>
<br>
During Trump's first term as president, the yuan weakened about 5% <br>
<br>
against the dollar after the initial round of U.S.<br>
<br>
<br>
<br>
tariffs on Chinese goods in 2018, and fell another 1.5% a <br>
<br>
year later when trade tensions escalated. Growth worries and expectations of <br>
<br>
further monetary easing by Beijing pushed China's 10-year treasury yields <br>
<br>
below 2% to record lows this week, worsening the yield disadvantage <br>
<br>
against the U.S., and exerting downward <br>
<br>
pressure on the yuan. ING's Song expects the onshore yuan to <br>
<br>
move within a band between 7.00-7.40 per dollar, but could <br>
<br>
fall further to 7.50 "if tariffs come in earlier or more aggressive than our forecasts." LEVELS <br>
<br>
AT 03:47 GMT GMT INSTRUME CURRENT UP/DOWN( % CHANGE DAY'S <br>
<br>
DAY'S LOW NT vs USD -) VS.<br>
<br>
<br>
<br>
YR-TO-DATE HIGH PREVIOUS CLOSE % Spot 7.255 0.09 -2.11 7.2518 7.2675 <br>
<br>
yuan <CNY=CFX S Offshore 7.2615 0.03 -1.87 7.2574 7.2733 yuan spot <br>
<br>
(Reporting by Shanghai newsroom; Editing by Kim <br>
<br>
Coghill)<br>
<br>
<br>
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SHANGHAI, Dec 6 (Reuters) -