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China SAFE official says foreign institutions "talking down" the yuan, but its stable

Discussion in 'Fundamental Analysis' started by ForexLive, Jan 11, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Despite a 4-5 percent depreciation in 2015, the yuan has still appreciated against a basket of currencies, Says Guan Tao, the head of the department of international payments at the State Administration of Foreign Exchange (SAFE)

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