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Yuan Rises on Expected Foreign Capital Inflow: Daily

CHINA PRESS
MNI (Beijing)

The yuan is likely to maintain strength at around 6.9 against the dollar due to the weakness of the dollar index, the Securities Daily reported citing Cao Yuanyuan, a research director at Golden Credit Rating. China's increasing financial openness and stable monetary policies improve the yuan's perceived safety and returns, which in turn attract capital inflow, Wang Youxin, a researcher from BOC's research institution told the Daily.

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