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Yuan May Remain Stable in Near Term: Daily

CHINA PRESS
MNI (Singapore)

The Chinese yuan is expected to remain stable with no substantial depreciation or appreciation basis in the near term, as it is supported by an improving economy, normal monetary policy, and steady international balance of payments, the Economic Daily reported citing analysts. Regulators will continue to urge companies to manage FX risk by improving FX market transparency and increase market expectation guidance to keep the basic stability of the yuan at a reasonable and balanced level, the newspaper said citing a source from the State Administration of Foreign Exchange.

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