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Yuan Looks to China Q3 GDP, Party Congress for Further Strength

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Fundamental Forecast for CNH: Bullish China’s 3Q GDP, expected to grow at 6.8%, could support the Yuan to some extent. Economic policies and official’ talks from the Party Congress could boost the Yuan. China’s CPI, no longer directly affecting monetary policy, may lead to mixed Yuan moves. Chinese regulators are closely watching USD prices. What’s the Dollar trend to year-end? See our Q4 forecasts. The offshore Chinese Yuan gained against the US Dollar this … Read entire story.

Source: Daily Forex Signals

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