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Yuan's Strength May Be Sustained: Fin News

CHINA PRESS
MNI (Sydney)

The momentum for the yuan's appreciation may be sustained by China's stable fundamentals and accelerating recovery, the PBOC-run Financial News reported citing Lian Ping, the director of ZhiXin Investment Research and a former Bocom economist. The Chinese currency has appreciated since June on the back of a weakened dollar, and the market might have overestimated the negative impact of China-U.S. tensions, Lian said. A rebound in China's exports and widening interest rate spreads have solidified expectations of the yuan's strength, the newspaper reported citing analyst Li Liuyang at China Merchant Bank.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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