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China faces dilemma over yuan if Fed raises interest rates

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If China allows the yuan to rise with the greenback, it eases fears of devaluation at the expense of the nation's exporters. If it permits further losses against the trade-weighted basket, it risks spurring destabilising outflows.

Beijing

YUAN forecasters are struggling to agree on how China's central bank would respond to a stronger dollar.

That helps explain why predictions for the yuan against a basket of peers for the rest of 2016 range from a gain of 5.6 per cent to a drop of 12 per cent in a Bloomberg