Fourth Fed Rate Hike Could Cause Chinese Yuan To Hold Back – 6 March, 2018

The Chinese Yuan is predicted to weaken to 6.40 per dollar despite being up over 2 percent this year after a poll of 60 foreign exchange strategists was taken. The Yuan edged up against the Dollar after Republicans advised President Trump against imposing tariffs which could cause a trade war. The Federal Reserves assessment of the U.S. economy and review of chairman Jerome Powell as well as a review of the administrations tax cuts have analysts expecting the Central Bank to deliver four rate hikes rather than the initial three, leaving markets cautious about pricing in the additional Fed hike.