China central bank adviser expects long-term dollar decline

BEIJING (Reuters) - The U.S. dollar is likely to weaken over the long-term, although it may rebound in the short run, Xia Bin, an academic adviser to the central bank said on Tuesday, reiterating his long-held view.

Fears of another U.S. recession and the ultra-loose monetary policy in the United States has put pressure on the dollar to weaken against major currencies as well as the Chinese yuan..

(Reporting by Zhou Xin and Kevin Yao; Editing by Ken Wills)