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Sovereign Wealth Funds Briefing - Categorized | Market

US dollar gets broad lift after CIC officer’s remarks

Posted on 12 January 2010

From Imarketnews.com: The U.S. dollar was broadly firmer Tuesday morning in Asia, getting a lift from comments by an official with China’s sovereign wealth fund, who said the dollar appeared to have hit bottom.

Peng Junming, an official within the sovereign wealth fund’s asset allocation department and former employee of the State Administration of Foreign Exchange (SAFE), made the comments during a seminar at the Chinese Academy of Social Sciences today……………………………………Full Article: Source


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