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Yuan Holds Steady as Dollar Softens; Markets Await US CPI

China’s yuan held steady against the US dollar on Tuesday, supported by overnight dollar losses, while higher dollar deposit rates capped gains. Markets awaited US inflation data for clues on the policy outlook.

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SquawkNews Desk

China's yuan held steady against the US dollar on Tuesday, supported by overnight losses in the greenback even as higher dollar deposit rates capped its gains, with markets awaiting US inflation data for clues on the policy outlook.A sharp drop in global oil prices and an improvement in risk appeti…

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