China’s capital inflows seem to be picking up again, so the topic will remain in the spotlight and suggests that the USD is likely to remain under pressure, unsupported by higher yields or tentative signs that its economy will be one of the first to come out of recession.
Bank of New York Mellon reports China’s vice-finance minister Li Yong saying that the government would like to see a more diversified international currency, based not only the USD but also on the EUR, GBP and major Asian currencies.
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