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