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Widening of Yuan Band to Lead to Volatility, Not Rise: Andy Xie | |
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April 16, 2012 The Chinese central bank’s move to double the dollar-yuan daily trading band to one percent is merely a response to pressure from the U.S and will not lead to faster appreciation of the currency in the coming months, independent economist Andy Xie, said Monday. Source: http://www.cnbc.com/id/47057606?__source=RSS*tag*&par=RSS |
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