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Dollar Rebound May Limit Yuan's Further Gain: News

CHINA PRESS
MNI (Sydney)

The yuan and yuan assets may come under pressure on growing signs that the dollar index is solidifying, the market is turning risk-averse and U.S. fundamentals are slowly improving as the EU recovery is slowed by the pandemic, Shanghai Securities News reported citing Ming Ming, the vice president of CITIC Securities. Many domestic market participants are exporters and do not foresee a further strengthening of the yuan, the newspaper said citing Li Liuyang, an analyst with China Merchant Bank. The yuan's recent surge was supported by China's strong recovery and higher interest rates, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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