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The yuan may have limited room for......>

CHINA PRESS
CHINA PRESS: The yuan may have limited room for further appreciation against the
USD in the short term and could search for a periodical bottom if there was no
more good news, the China Business News reports. Citing economists and FX
traders, the report attributed the yuan's recent strength to a strong central
parity rate set by the central bank combined with FX selling at year end. Other
factors in the yuan's strength were the weakening USD as a result of eased trade
tensions, the continued inflow of foreign capital to China's stock and bond
markets and better expectations for the Chinese economy in 2020. 

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