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SHANGHAI, Dec 6 (Reuters) - The yuan was little changed on Friday against the <br> <br> dollar, but is headed for 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 expected to drive up U.S.<br> <br> inflation, but they 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, <br> <br> 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 changing hands at <br> <br> 7.2549 per dollar around midday, 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 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" <br> <br> in the yuan, aided by ongoing attempts by China's central <br> <br> bank to restrain its decline, said Alvin Tan, strategist <br> <br> at RBC Capital Markets.<br> <br> <br> <br> Recent data has painted a mixed picture of China's economic recovery, <br> <br> with manufacturing activities improving, but property sales in many Chinese cities remaining weak.<br> <br> China's "economic landscape is unarguably dull, and the absence of excitement is perhaps the most salient feature," <br> <br> said John Browning, managing director of BANDS Financial.<br> <br> <br> <br> <br> <br> He doesn't expect huge stimulus to be announced during next week's Central <br> <br> 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." <br> <br> Top policymakers will gather at the conference to agree on major economic goals for next year.<br> <br> <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 <br> <br> 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% against the <br> <br> dollar after the initial round of U.S.<br> <br> tariffs on Chinese goods in 2018, and fell another 1.5% a year later when trade tensions escalated.<br> <br> Growth worries and expectations of further monetary easing <br> <br> by Beijing pushed China's 10-year treasury yields below 2% to <br> <br> record lows 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 band <br> <br> between 7.00-7.40 per dollar, but could fall further to 7.50 "if tariffs come in earlier or more aggressive than our forecasts." LEVELS AT <br> <br> 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 yuan &lt;<br> <br> CNY=CFX S Offshore 7.2615 0.03 -1.87 7.2574 7.2733 yuan spot (Reporting by Shanghai newsroom;<br> <br> Editing by Kim Coghill)<br> <br> <br> <br> Feel free to visit my blog :: รูปพวงหรีดแสดงความเสียใจฟรี - https://7Apk.ru/user/MelaineStocks/
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