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The PBOC may take further measures,.....>

CHINA PRESS
CHINA PRESS: The PBOC may take further measures, including counter-cyclical
factors, to maintain the stability of the forex market, China Securities Journal
reported, citing market participants. 
  - The PBOC's move to boost the reverse requirements for forex forwards trading
indicates that the yuan's exchange rate has exceeded the preferred range, the
newspaper said, citing Li Qilin, analyst of Lixuan Securities. 
  - The return of reserve requirements for forex trading was aimed at
stabilising and guiding market expectations, but it has not fundamentally
changed the downward trend of the yuan, the newspaper said, citing GF
Securities. 
  - The yuan still faces downward pressures due to China's economic fundamentals
and monetary policy, the newspaper said, citing Shenwan Hongyuan Securities.

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