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China's central bank may not sit still...>

CHINA YUAN
CHINA YUAN: China's central bank may not sit still and tolerate the yuan's
further plunge, as it views the current depreciation an overshoot, a source
close to the PBOC told MNI Tuesday. 
"The yuan's depreciation has overshot," the PBOC source told MNI. "Although a
weak yuan benefits China against the backdrop of Sino-US trade spat, it doesn't
mean the central bank would stand by and tolerate a plunge."

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