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China Yuan CFETS Index Rises After.......>

CHINA YUAN
CHINA YUAN: China Yuan CFETS Index Rises After Two-Week Decline
- A currency index of the Chinese yuan rose after two consecutive weeks of
decline from August 17, according to data released on Monday by the People's
Bank of China. The CFETS Weekly RMB Index, which measures the yuan's strength on
a trade-weighted basis relative to a basket of 24 of its trading partners'
currencies, rose by 0.33% from the previous week on Friday, registering at
93.08. However, the index has now pared back all of the accumulated gains it had
made year-to-date, with Friday Aug 31's reading down 1.87% from 94.85 on Dec 29,
according to MNI's calculations.
- For full story see MNI Main Wire at 02:51 BST 09/03, or contact us for access.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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