Pridať nové hodnotenie

SHANGHAI, Dec 6 (Reuters) - The yuan was little changed <br> <br> on Friday against the dollar, but is headed for <br> <br> its tenth straight weekly loss amid concerns that new tariff threatened by President-elect Donald Trump will heighten strains on the struggling Chinese economy.<br> <br> <br> <br> Analysts expect the dollar to remain firm as Trump's policies are <br> <br> expected to drive up U.S. inflation, but they <br> <br> believe Beijing will prevent the yuan from falling too much.<br> <br> "We anticipate some depreciation pressure in an expected strong dollar environment," Lynn Song, Greater China chief economist at ING, said in a note.<br> <br> <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." The yuan was <br> <br> changing hands at 7.2549 per dollar around midday, little moved from the previous <br> <br> close. Although the currency has rebounded from a <br> <br> one-year low of 7.2996 hit on Tuesday, it is poised to register its longest weekly <br> <br> losing streak since 2018.<br> <br> The dollar index fell to one-week low overnight and "the USD's consolidation should unwind the upside pressure building" <br> <br> in the yuan, aided by ongoing attempts by China's central bank to restrain its decline, said Alvin Tan, strategist at RBC Capital Markets.<br> <br> Recent data has painted a mixed picture of China's economic recovery, with manufacturing activities improving, but property <br> <br> 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, as <br> <br> "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 <br> <br> 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 announced until an annual parliament meeting in March.<br> <br> During Trump's first term as president, the yuan weakened <br> <br> about 5% 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% <br> <br> a year later when trade tensions escalated. Growth worries and expectations of further monetary <br> <br> easing by Beijing pushed China's 10-year treasury yields below 2% to record lows <br> <br> this week, worsening the yield disadvantage against the U.S., and exerting downward pressure on the yuan. ING's Song expects the onshore yuan to move within a <br> <br> band between 7.00-7.40 per dollar, but could fall further <br> <br> to 7.50 "if tariffs come in earlier or more aggressive than our forecasts." LEVELS AT 03:47 GMT GMT INSTRUME CURRENT UP/DOWN( % CHANGE DAY'S DAY'S LOW NT vs USD -) VS.<br> <br> <br> <br> <br> <br> YR-TO-DATE HIGH PREVIOUS CLOSE % Spot 7.255 0.09 -2.11 7.2518 7.2675 yuan &lt;CNY=CFX S Offshore 7.2615 0.03 <br> <br> -1.87 7.2574 7.2733 yuan spot (Reporting by Shanghai newsroom; Editing by Kim Coghill)<br> <br> <br> <br> my blog ... ดอกไม้แทนความเศร้า <br> <br> - https://Kosmetikinstitut-Milla.de/user/Emery68V3533/