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