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China's yuan strengthens to 15-month high against USD
China's yuan strengthened to its strongest level in 15 months against the U.S. dollar on Monday.
Analysts forecast more reserve ratio cuts on poor M2 data
China is likely to make another bank reserve ratio cut in the coming weeks to speed up banks' lending capacity following record low M2 expansion.
Chinese banks see RMB167.3 bln deficit in forex sale/purchase in Oct, SAFE
Chinese banks purchased 841.4 billion yuan of forex and sold 1,008.7 billion yuan of forex in October, incurring a deficit of 167.3 billion yuan.
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