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France Sells E10.355bn of OATs

CHINA PRESS: The yuan will continue its two-way fluctuation and cross-border
capital flow will tend to be balanced in the period ahead, the Financial News, a
journal run by the People's Bank of China, reported in its front page Tuesday.
As China continues to open up its financial markets, economic growth remains
solid and market expectations for one-way volatility of the yuan fade, capital
flows will establish a stable momentum, the report argued. From the end of May
to the early of September this year, the yuan rose over 4,000 pips, which great
increased the credibility of China's yuan exchange rate policy but also created
challenges to export companies, the report noted. These companies should pay
attention to management of their exchange rate risk, the report suggested.
(Financial News)