Yuan ends steady

Posted by 7Star Friday, January 22, 2010

The yuan held steady against the dollar on both the spot and offshore non-deliverable forwards (NDFs) markets on Thursday with traders not expecting strong Chinese economic data to influence yuan policy in the short term. China posted a slew of data showing the economy was headed for a full recovery and inflation was on the rise, but the Chinese central bank gave no signs of any immediate change to its stable yuan currency policy.

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