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China SAFE: Two-way Yuan fluctuations will become a new normal

More comments crossing the wires from the Chinese fx regulator, the Safe Administration of Foreign Exchange (SAFE), are found below.

China's investments in the US treasury bonds are market driven.

Recent Yuan appreciation driven by China's improving economy, weaker dollar.

Two-way Yuan fluctuations will become a new normal.

China will deepen forex reform, enhance Yuan flexibility.

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Currently, GBP/USD trades at 1.3812 - down more than 100 pips from the previous day's high of 1.3943. The long upper shadow of yesterday's candle coul
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