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PBOC Indicates No Protracted Yuan Depreciation

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 12, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Yesterday, the dollar rebounded slightly as markets ignored a new downleg of Chinese equities. This morning, Chinese officials indicated that China doesn’t pursue a protracted depreciation of the yuan. The off-shore yuan rebounds sharply on supposed PBOC interventions. USD trading might be technically in nature today[​IMG]

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