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Yuan Likely To Remain Stable

CHINA PRESS
MNI (Singapore)

The Chinese yuan will remain stable supported by the adequacy of foreign exchange policy tools and the firm attitude of policymakers in stabilisng the currency, China Securities Journal reported citing analysts. The market has priced in the Federal Reserve’s delayed rate cut, and the U.S. dollar may temporarily open up downside space should U.S. inflation data fall short of expectations, said Li Liuyang, foreign exchange expert at China International Capital Corporation. The continued economic rebound and net inflow of foreign capital in bond and stock markets will also support the yuan, the newspaper said citing analysts.

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