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
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.