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China's yuan eases as investors grow cautious after basket index hits 5-year high

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The yuan has only gained 0.8% against the dollar this year.
Sun Guofeng, head of the monetary policy department at the PBOC, told media on Tuesday that China would maintain normal monetary policy stance and prioritize stability and focus on domestic conditions.
Sun’s remarks came after the PBOC announced on Friday that it would cut the amount of cash that banks must hold as reserves.
But still, some investors took the surprise RRR cut as a signs of dovish tilt and believed that higher liquidity should naturally pile downside pressure on the currency, according to traders.
(Reporting by Winni Zhou and Andrew Galbraith; Editing by Himani Sarkar and Gerry Doyle) ....

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BNY Mellon sees net outflows from Chinese government bonds

BNY Mellon sees net outflows from Chinese government bonds
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