BENGALURU—Chinese authorities will defend the yuan from weakening past the psychological 7 per dollar rate, very close to where it is trading now, according to a Reuters poll of foreign exchange strategists who said the currency will cut its losses in the coming year.
China to Defend Seven Yuan Per Dollar Rate, But May Find it Tough
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A Chinese bank teller prepares to count a stack of U.S. dollars together with stacks of 100 Chinese yuan notes at a bank in Hefei, Anhui Province, China on March 9, 2010. STR/AFP/Getty Images
By Reuters
Updated:
