Emerging Asian currencies are seen likely to weaken against the dollar over the coming year on expectations the U.S. Federal Reserve will start hiking interest rates, although any losses are likely to be limited, a Reuters poll found.
Still, a Reuters poll on Thursday found respondents believed emerging market currencies are unlikely to rebound from decade- or record-lows, despite doubts about the timing of the Fed hike.
China's central bank fixed the currency's trading mid-point on Friday at 6.137 a dollar. It is seen trading at 6.23 in a month, 6.26 by end-June and 6.20 in a year.
The poll of around 30 foreign exchange strategists this week also showed the Indonesian rupiah is expected to lead losses and weaken about 5 percent in 12 months, followed by the South Korean won, which is predicted to fall 4 percent.