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The yuan rose significantly last week...>

CHINA PRESS
CHINA PRESS: The yuan rose significantly last week and will continue its
"two-way fluctuation" as depreciation expectations continue to fade, the
Securities Daily reported Monday. Li Huiyong, chief analyst of Shenwan Hongyuan
Securities, told the newspaper Sunday the CFETS index has risen to 93.8 as of
Thursday, higher than the year-to-date average level. Li said the U.S. dollar
still has room to appreciate given the U.S. economy is expected to report robust
growth. China's economic growth is stable, and with the new counter-cyclical
factor added to the People's Bank of China's calculation of the daily yuan
parity, the yuan would continue to show "two-way" fluctuation, the newspaper
said. (Securities Daily)

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