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Where will the Chinese currency yuan be heading for?
After China announced to hike the required reserve ratio (RRR) for foreign currency deposits by two percent from June 15, market players broadly interpreted the move as a signal to smash the overheated one-way appreciation expectations on the Chinese currency yuan.
RMB to remain long-term attraction to the global market, experts
The Chinese currency renminbi (RMB), or the yuan will remain the long term attraction to the global market, and RMB assets will show the ability of proliferation, according to experts.
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