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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

SAFE: Two-way fluctuation conventional

Posted on 25 April 2014

China’s foreign exchange settlement rose in the first quarter, but at an easing rate. Officials say China’s slower economic growth and the U.S. central bank’s tapering may bring more volatility to cross border capital flows, it will be conventional for the Chinese yuan to float either way.
A solid rise from January to March, yet the tempo is falling month by month. China’s foreign exchange settlement and sale surplus comes in a downward trend, from more than 70 billion US dollars in the beginning, to just over 40 billion US dollars at the quarter end, according to China’s foreign exchange regulator………………………………………..Full Article: Source


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