Economy / China
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Yuan On Track For Our End-07 Target
July 2007 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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China's yuan closed at CNY7.6132/US$ on June 29, taking appreciation against the US dollar since the start of this year to 2.52%. Essentially, the yuan is on track to finish the year at our target of CNY7.4300/US$, which is also what the non-deliverable forward (NDF) market is pricing in.