Yuan may continue to advance against the USD this year - China Press

A front-page report in the China Securities Journal cites unidentified analysts saying the Yuan may continue to appreciate against the USD this year. Analysts see the Chinese currency rallying due to-

Relative strength of the Chinese economy

Country’s neutral and prudent monetary policy

PBOC set the Yuan reference rate at 6.5311

The People's Bank of China [PBOC] set the Yuan reference rate at 6.5311 vs. Tuesday's fix of 6.5370.
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Australia Gross Domestic Product (QoQ) in line with forecasts (0.8%) in 2Q

Australia Gross Domestic Product (QoQ) in line with forecasts (0.8%) in 2Q
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