NEW YORK， Feb. 12 (Xinhua) -- While fluctuations will continue， China's yuan will stabilize around current level as China's economy improves， and the country's relations with the U.S. advance， said a foreign exchange expert on Sunday.
"China's improving economy will certainly help the yuan as fundamentals are always the most important factor in currency movements however they take time to take effect，" said Stephen Simonis Sr.， Chief Currency Consultant at FXDD Global.
According to International Monetary Fund's latest forecast， China's GDP growth will stand at 6.5 percent on expectations of continued policy support. The country's GDP grew 6.7 percent year on year in 2016， lowest reading in nearly three decades， but within the government's target range.
China's manufacturing sector expands for the sixth month in a row， with manufacturing purchasing managers' index came in at 51.3 in January， adding evidence that the world's second largest economy is stabilizing amid uncertain global outlook.
"Moreover， U.S. President Donald Trump's phone call to Chinese President Xi Jinping， although not about currencies， will also help stabilize the yuan as it shows some positive communication between the leaders of the two biggest economies in the world，" Simonis said.
He added that Trump's mention of China as a currency manipulator appears to be an off-the-cuff comment.
"We think that Trump will use much more tempered language when discussing the situation in China moving forward and he will be less accusatory since pointing fingers will not help，" said Simonis.
He said that traders and market participants will not overreact to moves from China regarding the yuan as the yuan and the country's foreign exchange reserves have been at the fore front of the market for some time.
The yuan weakened against the U.S. dollar in 2016 as a strong U.S. economic recovery and expectations of more U.S. interest rate hikes supported the U.S. currency.
To prevent the yuan from weakening too far and prompting more capital outflow， China's central bank sold a considerable amount of U.S. dollars to prop up the yuan.
It also tightened regulations by asking those who want to buy large amounts of foreign currency to specify their purpose and provide additional information.
China's foreign exchange reserves fell below three trillion U.S. dollars to 2.99 trillion U.S. dollars in January， the seventh sequential monthly contraction， according to China's State Administration of Foreign Exchange (SAFE).
The persistent decline of China's forex reserves has caused widespread concern about the country's overall financial stability， as the diminishing stockpile， still the world's largest， is perceived as shielding the economy from currency and foreign trade volatility.
But Simonis said forex reserve falling below the three trillion dollars safety mark is just psychological.
"We are paying more attention to the speed at which China is depleting its reserves，" said Simonis.
The contraction was 87.2 billion U.S. dollars less than January 2016 and 28.8 billion U.S. dollars less than December.
The SAFE said changes in the foreign exchange reserves were normal in light of complicated domestic and overseas economic environments. The administration also said the market should not pay too much attention to the benchmark.
"While authorities are showing some concern over reserves， it seems they are more focused on a stable dollar-yuan level，" said Simonis.
TEHRAN， Feb. 19 (Xinhua) -- Coach for Iranian football side Persepolis， Branko Ivankovic， confirmed that the team had been drawn in Group D， the toughest grouping in the AFC Champions League， local media reported on Sunday.
The Iranian heavyweights will open their campaign against two-time continental champions， Al Hilal， on Tuesday.
""We're in the toughest group of the tournament. Al Hilal is our strongest opponent， Al Rayyan is the Qatar Champion while Al Wahda as well as Al Ain are the best UAE team. We need to be at our best in order to have the chance of qualifying，"" Ivankovic told reporters.
""Al Hilal are the Saudi league title holders and they have a very good squad. Even the bench players are the ones who plays for Saudi Arabia national team，"" the Croatian coach said.
""We will make every effort to get the best result in the Asian competition and make our fans happy，"" he added.
In the other Group D match on Tuesday， Qatar Stars League champions Al Rayyan， under the guidance of Michael Laudrup， will host Al Wahda of the United Arab Emirates.
" All sportsmen in the world are constantly for tips Zach Parise Youth Jersey , techniques, methods Mikko Koivu Youth Jersey , secrets of their chosen sports. Even though some of these so-called tips are the same old stuff but presented in different way, and yet many people are acquiring them over and over again. It applies to golf as well; both pros and amateur are also constantly looking for golf tip. In fact Mike Reilly Youth Jersey , golf swing tips are now almost everywhere. Open a magazine, switch on the TV set Chris Stewart Youth Jersey , or surf the Internet ? you will find a free golf swing tip in each of them. Not to mention your pals who are ready to offer you a free golf tip whenever you are looking for one. Online golf tips are gradually on the rise simply because we are living in the information age where the Internet plays a major role. Does golf swing tip really work? The question is: does a free golf tip really work or does it just add to a golfer?s confusion and frustration? A close observation suggests that all is not well with a free tip. For this reason, many professional and qualified trainers ask golfers to choose carefully or just ignore these tips. As the saying goes Eric Staal Youth Jersey , there is no free lunch on earth. For a tip or technique to work, one has to execute it with action. If a free swing tip is genuine Tyler Ennis Womens Jersey , it will never ask a golfer to try. David Johnson JerseyDallas Goedert Womens JerseyBradley Chubb Youth JerseyAmari Cooper Youth JerseyAlex Smith Youth JerseyAdam Thielen Youth JerseyAaron Rodgers Kids JerseyVon Miller Kids JerseyTom Brady Patriots JerseyTodd Gurley II Rams Jersey