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Initial Moves Mostly Hold


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Off Best Levels, In Tight Ranges


China Repo Rates Diverge on Thursday

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CHINA PRESS: The yuan against the dollar is expected to fluctuate in a small
range, according to a China Securities Journal report, which cited analysts and
market participants. 
  - Market participants tend to observe future movement of the market in the
lead-up to the U.S. Fed's interest rate decision, and are currently cautious
about making transactions; 
  - The FX market is still waiting to see if the Fed's attitude is hawkish in
the FOMC meeting; 
  - Monetary policy direction of European Central Bank and concerns of a global
trade war are also affecting market sentiment in China, market insiders said. 

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