The yuan will see greater volatility and is forecast to appreciate 2% to 3% this year, versus 5% in the previous two years, Zhang Ming, a researcher with the Chinese Academy of Social Sciences, was quoted as saying by China News Service. He also said China's slowing purchases of US Treasuries, in line with decelerating growth in its foreign exchange reserves, would add difficulty for the US to sell treasuries, which may force Treasury yields higher or the Fed to buy the Treasuries. Zhang added that it is not best timing for China to step up opening of capital account, instead, China should be cautious and make ... (full story)