China Press: Yuan less likely to drop under 7.0000 vs. USD

The China Securities Journal published an opinion piece on the Chinese Yuan earlier today, with the key points found below.

Exchange rate likely to stay stable as the rally in US dollar slows, and it is China policy is to stabilize economic growth.

The Yuan less likely to drop under 7 versus the US dollar.

Further expectations gaining that the Fed will slow its pace of hikes in 2019.