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CHINA YUAN: The yuan strengthened 0.27% from Thursday to close at 6.2733 against
the U.S. dollar on Friday, according to data from China Foreign Exchange Trade
- PBOC set central parity rate at 6.2881 on Friday, stronger than Thursday's
***Comment: The yuan surged 507 pips against the greenback this week as the
declining prospect of a trade war between the two largest economies led to
short-covering, pushing up the yuan. The neutral stance of Chinese monetary
policy will however prevent a sharp appreciation.