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The yuan exchange rate will continue....>

CHINA PRESS
CHINA PRESS: The yuan exchange rate will continue a "two-way" fluctuation in the
future, the China Securities Journal reported Friday. The weakening of the yuan
in the last several weeks has been due mainly to the rebound of the dollar
index, the People's Bank of China's new foreign exchange policy, and an increase
in Chinese companies' need to purchase foreign currencies. The yuan exchange
rate against the U.S. dollar will be driven by the two countries' economic
fundamentals, analysts were cited as saying. Given yuan depreciation
expectations have weakened, the Chinese currency could remain relatively strong
for some time, with the room to weaken limited, according to the newspaper.
(China Securities Journal)

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