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Yuan Supported by China's Trade, FX Surplus: News

CHINA PRESS
MNI (Singapore)

The Chinese yuan will remain resilient supported by continued trade surplus in H2 and the higher-than-usual surplus in FX settlement and sales, which help overcome depreciation pressure from investors seeking refuge in the U.S. dollar, the Shanghai Securities News reported citing analysts. The yuan has performed stronger against other currencies under pressure from the U.S. Federal Reserve's possible slowing debt purchases, with the CFETS RMB Index up 0.32 from a week earlier, the highest since March 2016, the newspaper said.

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