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China's yuan could rebound against......>

CHINA PRESS
CHINA PRESS: China's yuan could rebound against the dollar in the near term due
to market expectations that China's economy will stabilize in Q4, according to a
report in the China Securities Journal. Citing unnamed analysts, the report said
the weakening U.S. economy would also see the dollar index weaken. The PBOC's
scheduled issuance of central bank bills in Hong Kong on Thursday would solidify
expectations that the currency would appreciate, the newspaper said. The yuan
dollar pair has been trading stronger than the central parity rate set by the
PBOC since end-October, and the gap between onshore and offshore yuan has been
narrowing, the Journal's report said. 

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