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Yuan Appreciation May Continue: Journal

CHINA PRESS

The yuan may be on a continuing phase of appreciation against the dollar, given China's strong exports and monetary policies, the China Securities Journal reported citing analysts. The yuan continued to derive support from the stronger economy while the dollar index has weakened since Dec. 9, the Journal said. The PBOC's recent MLF operations and peripheral adjustments may slow but not reverse the overall rising trend, the report said.

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