Yuan 'to continue falling against dollar'
By Chen Jia | China Daily | Updated: 2015-12-15 08:02
Economists expect the yuan to continue depreciating slightly against the dollar as the US Federal Reserve appears poised to raise interest rates for the first time since 2006.
Some even predict that the Chinese currency will fall gradually to about 6.5 to the US dollar by the end of this month, and perhaps drop to 6.7 next year.
The yuan fell to a four-year low of 6.4495 against the dollar on Monday, according to the China Foreign Exchange Trading System.
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