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Yuan inches lower, losses capped by regulator's stability pledge

Contributed by NAMPA / Reuters.

SHANGHAI, June 13 (Reuters) - China's yuan inched lower
against the U.S. dollar on Thursday, reflecting a rise in the
greenback overseas, but comments from regulators on keeping the
local currency stable stopped it from sinking further.
Pan Gongsheng, head of the State Administration of Foreign
Exchange, reiterated at a forum that China is capable and
confident of maintaining the stable operation of foreign
exchange markets and keeping the yuan "basically st ...

 

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