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China August FX Purchases Surge Amid Yuan Strength

September 21, 2011

China's central bank and other financial institutions spent 376.9 billion yuan ($59 billion) buying foreign currencies in August, a five-month high and a 71.6 percent jump from July, according to official data published on Wednesday.

Source: http://www.cnbc.com/id/44605190?__source=RSS*tag*&par=RSS
 
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