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Yuan-Dollar Pair May Jump To 6.3 By Year-End: Analysts

CHINA PRESS
MNI (Singapore)

The Chinese yuan is expected to rally and may jump to 6.3 against the dollar by the end of the year, China Business Network reported. Analysts attributed the recent rally of the yuan to improved market sentiment on signs of economic recovery supported by the reopening, a series of measures shoring up the property sector, capital inflows, increasing dollar sales at year-end, and a weaker dollar index. But a narrower trade surplus may restrain yuan appreciation in the second half of the year when the currency could see two-way volatility, analysts said.

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