News Snapshot:
China's yuan could strength against the dollar as the Fed struggles to balance growth and inflation, says top Beijing official 4 hours ago | By Chinese President Xi Jinping. REUTERS/Kevin Yao The yuan won't face as much volatility and can strengthen against the dollar, a Chinese official said. China's economy is gaining momentum, while US central bank policies could weaken the dollar. "Many market institutions believe it will become more difficult for the Fed to stabilize growth while controlling inflation." The deputy governor of the People's Bank of China said the yuan will be less volatile now and could even...
