According to the latest Reuters poll, a majority of the respondents expect the USD/CNY cross to remain below the 7.000 key level amid some intervention from the Chinese authorities.
Key Findings:
Chinese Yuan to gain 1.8% vs dollar to 6.85 in a year vs 6.80 in October poll.
28 of 60 expect Yuan to weaken to 7 per dollar or beyond in a year.
20 of 37 say Chinese authorities will defend Yuan from weakening to 7 per dollar or beyond.
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