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..

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