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April 21, 2012

Is China doing its Part?

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This week, China widened the Yuan's trading band outright to +1% above or below the central parity rate (the PBoC fix before trading). Previously they had been using +0.5%. Against the EUR, GBP and JPY, the float is up to +/-3%. Optically, it is another step in the liberalization of the CNY exchange... FF News: Fundamental

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