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The PBOC is confident that it's able....>

CHINA PRESS
CHINA PRESS: The PBOC is confident that it's able to keep the yuan exchange rate
stable at a balanced level in the near future, even as the yuan comes under
depreciation pressure due to the trade tension with the U.S., Liu Guoqiang,
deputy governor of the central bank said in an interview with the PBOC-run
newspaper the Financial News on Thursday. There's been overshooting of the
exchange rate, but the FX market is stable, and the PBOC won't allow "anything
to happen", Liu told the newspaper.

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