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PBOC guides currency higher as dollar declines

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PBOC guides currency higher as dollar declines

PBOC guides currency higher as dollar declines*/

China’s central bank Friday guided the yuan stronger at the fastest pace in a decade against the dollar, stepping up efforts to support the currency amid concerns over capital outflows from the world’s second-largest economy.The People’s Bank of China (PBOC) set the yuan reference rate at 6.8668 against the dollar, compared with 6.9307 on Thursday.The 0.9 percent change over the previous day’s fixing was the greatest since 2005, according to Reuters data.
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Australian dollar strongest performing major currency this year

Australian dollar strongest performing major currency this year*/

Holidaymakers are starting the year with news to make an overseas trip harder to resist: the Australian dollar strengthening to become the best performing major currency in the world.The Aussie reached one-month highs of US75.1¢ on Thursday after US president-elect Donald Trump sent the greenback tumbling by making scant mention of his promised economic stimulus plan at his first press conference since the election.The local currency had softened slightly to US74.78¢ on Friday afternoon.
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Kiwi dollar strong as Trump and Brexit woes weigh on currency markets

Kiwi dollar strong as Trump and Brexit woes weigh on currency markets*/

Kiwi dollar strong as Trump and Brexit woes weigh on currency markets123RF The US dollar has been weakened by disappointment with the focus of a Trump media conference.Market worries over the performance of United-States president-elect Donald Trump have helped the New Zealand dollar climb above US71 cents for the first time since early December.The kiwi has also surged more dramatically against the British pound and is now trading at 58.4 cents – testing the highs it achieved in November.
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