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View Full Version : PBOC Should Reduce Intervention in Currency Market, Yu Says - Bloomberg



NewsWhore
05-05-2011, 07:20 AM
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PBOC Should Reduce Intervention in Currency Market, Yu Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFLJ-GmA632xPg1sZ6BZu_i03yeiw&url=http://www.bloomberg.com/news/2011-05-05/pboc-should-reduce-intervention-in-currency-market-yu-says-2-.html)
Bloomberg
The currency has gained 0.5 percent in the past seven trading days and 5.1 percent in the last 12 months. Yu said the PBOC&#39;s frequent intervention in the foreign exchange market to maintain a stable exchange rate with the US dollar “isn&#39;ta good deal” ...

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