China's yuan to resist sliding past 7 per dollar despite trade-war pressure

However, the yuan snapped four days of losses to edge up against the dollar, supported by a rise in corporate dollar selling after China's central bank set a firmer midpoint.

BENGALURU: China's yuan is forecast to drift up over the coming year as the monetary authorities keep a tight leash on the partly-managed currency and prevent it from falling through the psychological 7 per dollar level any time soon, a Reuters poll showed.

However, results from the monthly Reuters poll of 60 institutions taken May 30-June 5 showed a slight increase in the number of forecasters who thought that the 7 mark might yet be crossed as the U.S.-China trade war burns on.