PBOC adviser says yuan may rise to 6.5 per dollar by year-end

Reports from the China News Service

A drop to 6.50 in USD/CNY would send the pair back to where it was in May 2016. It would represent a 2.5% drop.

The advisor cited was Sheng Songcheng who said it's 'totally possible' it will rise to 6.60 or 6.50 by year end.