Chinese yuan to surge vs. dollar before April: report

SEOUL, Feb. 22 (Yonhap) -- China's currency is likely to rise drastically against the U.S. dollar before April, causing the South Korean won to strengthen against the greenback in tandem, a report said Wednesday.

"Pressured by the United States, China's currency authorities could sharply raise the value of the yuan against the dollar or expand its daily fluctuation band," said the report by the Korea Center for International Finance.