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Predicting Yuan Is All About Fed as Basket Confounds Strategists

  • Dollar rally to inject instability into market: Credit Suisse
  • Chinese currency has tracked greenback lower versus peers
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Renminbi to Move on Weaker Dollar: UniCredit's Nielsen

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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 percent to a drop of 12 percent in a Bloomberg survey of 20 strategists and traders.