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Yuan use for trade deals growing despite volatility, interventions

Attractiveness of arbitrage activities a key factor behind rise in transactions settled in the currency
Wednesday, February 24, 2016 - 05:50

Hong Kong

MORE China trade is expected to be settled in yuan this year despite concerns about its cooling economy and fears that the currency could weaken further.

Heavy interventions by the central bank in recent months to steady the currency and deter speculators have raised

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