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Markets expect China to relax yuan

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06-21-2010, 08:59 AM

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Markets expect China to relax yuan

Stock markets in Asia have gained today after comments by China’s central bank about its currency policy this weekend. Policymakers had pledged to make the yuan more flexible but then just 24 hours later the central bank’s website said: “There is at present no basis for major fluctuation or change in the [yuan] exchange rate”.However, [...]

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