China Press: USD/CNY unlikely to rise above 7.0000 this year

China Securities Journal is out with key headlines on the outlook for the Chinese Yuan, as we head into the 2018 close.

Key Points:

USD/CNY unlikely to rise above 7 this year.

Increasing expectations that the Fed has limited room to further hike rates.

USD index less likely to see sharp gains in short term.

Interest rate spread between China and the U.S. is stabilizing at a low level, could lead to a stable Yuan.