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The yuan is not likely to rebound as.....>

CHINA YUAN
CHINA YUAN: The yuan is not likely to rebound as it did in the fourth quarter of
2016, China Securities Journal reported, after onshore yuan slipped below 6.9
yesterday. 
  - The surge of the U.S. dollar this round was supported by the U.S's strong
economic fundamentals, the rise in interest rate, and its efforts to lower trade
deficit, the newspaper said. 
  - The yuan, seeing both appreciation and depreciation this year, has
appropriately released both internal and external pressures and has enhanced its
flexibility, said Xie Yaxuan, chief economist of Merchants Securities, according
to the newspaper. 
  - The PBOC may soon implement counter-cyclical measures to stabilise the forex
market when the yuan reaches the 7.0 level, the newspaper said, citing market
participants.
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