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Caixin

Breakup with dollar, PBOC warnings signal rocky road for yuan

Chinese central bank has been taking a more hands-off approach on forex

Analysts and market participants say China's strong export growth and rising capital inflows are behind the yuan's appreciation.   © Reuters

China's currency has broken its traditional relationship with the U.S. dollar over the past few months, as a combination of surging exports and capital inflows have increased demand for the yuan, pushing its value higher even as the greenback itself strengthened.

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