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Yuan to Maintain Near-Term Strength: Journal

CHINA PRESS
MNI (Beijing)

The Chinese Yuan will likely stay strong in the near term supported by trade surpluses and interests spread against the U.S., the China Securities Journal said in a commentary. The yuan may not repeat the one-sided appreciation seen in H2 last year given the Fed's policy uncertainties, the newspaper said. The strong yuan attracted more foreign holding of yuan assets such as bonds with net purchase of yuan bonds reaching CNY130.8 billion in April, up from CNY51.4 billion in March, the journal said.

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