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NewsWhore
05-08-2012, 05:40 AM
Yuan Forwards Snap Two-Day Loss as PBOC Sets Stronger Fixing (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGItcHVnDiNjIaH18YHSLc9KofWkA&url=http://www.bloomberg.com/news/2012-05-08/yuan-forwards-snap-two-day-loss-as-pboc-sets-stronger-fixing.html)
Bloomberg
Excessive adjustment of the yuan's exchange rate could hurt the economy, Yi Gang, head of the currency regulator, said in remarks published yesterday. Yi reiterated the yuan is no longer “obviously undervalued” and is near an “equilibrium level.

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