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The yuan neared a 19-year high of 6.2711/dollar overnight, with the punditry saying the PBOC is...

The yuan neared a 19-year high of 6.2711/dollar overnight, with the punditry saying the PBOC is letting it rise on optimism about the economy's strength. In a TV appearance, Markus Rodlauer - the IMF's China mission chief - says the currency remains "moderately undervalued." 
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