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Yuan May Weaken in Feb as China Exports Set to Cool: Times

CHINA PRESS
MNI (Singapore)

The Chinese yuan, currently trading at a three-year high, may begin to lose steam from February through Q2, due to slowing exports, easing of domestic monetary policy and the expected strengthening of the U.S. dollar, the Securities Times reported citing analysts from CICC. Yuan may fluctuate around 6.6 on the dollar, supported by foreign investors’ demand for Chinese Government Bonds and possible economic rebound in H2 2022, the newspaper said. Though the yuan closed at 6.3535 against the dollar on Wednesday, the turning point is taking shape with the Federal Reserve tightening its monetary policy, the newspaper said.

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