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Despite recent depreciation of the......>

CHINA PRESS
CHINA PRESS: Despite recent depreciation of the yuan, the currency is expected
to maintain an "orderly and mild status", Financial News, a newspaper of the
People's Bank of China said Friday.
- As the dollar rose due to strong economic growth in the U.S., the hawkish
stance of the Fed and drop in the euro, and uncertainties on trade conflicts,
the yuan has faced downward pressure, the newspaper said;
- But China's FX market's demand-supply and market expectation are basically
stable, the yuan exchange rate should not experience big fluctuations, the
newspaper said; 
- The yuan's outlook will depend on China's economic fundamentals, Guan Tao,
former official of the State Administration of Foreign Exchange, was quoted as
saying.

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