SHANGHAI, Aug. 13 -- TRADERS and analysts expect a mild correction in the Chinese yuan after previous gains amid optimism that more tightening measures to stem consumer prices may be forthcoming.

The currency closed at 7.5750 against the US dollar on Friday, slightly down from 7.5669 a week earlier. It has appreciated more than eight percent since the fixed exchange rate of 8.28 to the US dollar was abandoned on July 21, 2005.

The Consumer Price Index, due to be released today, likely may show a climb of 5.1 percent in July, according to a forecast by Goldman Sachs.

China may expand 11.4 percent in the three months through September, down from 11.9 percent in the second quarter, said the State Information Center, a research unit under the National Development and Reform Commission.