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The PBOC's maximum level of tolerance...>

CHINA PRESS
CHINA PRESS: The PBOC's maximum level of tolerance for yuan depreciation may be
7.0, Economic Information Daily reported, after the PBOC announced a 20% reverse
requirement ratio on the trading of foreign-exchange forward contracts. 
  - However, the authorities would like the market to take a dominant role in
deciding the yuan's exchange rate, the newspaper said, citing Guan Tao, former
director-general of Balance of Payments at the State Administration of Foreign
Exchange (SAFE). 
  - Regulating and stabilizing market expectations are currently key for the
PBOC to ensure there is enough room for policy implementation, the newspaper
said, citing a source close to the PBOC.

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