Yuan Set for Rebound as PBOC Stays Patient, Analysis Shows.

According to a Bloomberg analysis, China's yuan is expected to rebound in the next three months based on historical trends. Strategist Simon Flint found that when the yuan has approached the weak side of its trading band against the dollar, it has tended to strengthen in the following months. The analysis suggests that the central bank's patient approach of waiting for a shift in the dollar's fortune is the right strategy. The yuan, along with other regional currencies, is currently facing pressure due to expectations of higher interest rates in the US and concerns about China's economic growth. [Extracted from the article]