GDP, inflows may buoy yuan

Emerging markets' lure, Chinese stocks' rebound, easing trade row brighten Q2 scene

The Chinese yuan is likely to stay stable for the rest of the second quarter, and might advance moderately amid brightened economic prospects and foreign capital inflows relating to index inclusions, analysts said.

"During the second quarter, the onshore spot rate of the renminbi against the greenback is expected to hover around the current 6.7 without any big fluctuations," said Mei Dongzhou, an associate professor from the Beijing-based Central University of Finance and Economics. "It may even head for 6.6, as previous appreciation themes should continue."