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 survey of 20 strategists and traders.
The results reflect the dilemma facing China's central bank if the Federal Reserve raises interest rates, spurring gains in the US currency. Allow the yuan to rise with the greenback and China eases fears of devaluation at the expense of the nation's exporters. Permit further losses against the trade-weighted basket, and it risks spurring destabilising outflows.
Since January, China's...
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