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Strategies & Market Trends : MDA - Market Direction Analysis

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To: bobby beara who wrote (19987)	7/13/1999 10:49:00 AM
From: Les H	Read Replies (1) of 99985

Duff & Phelps says China likely to devalue yuan CHICAGO, July 13 (Reuters) - Credit rating company Duff & Phelps Credit Rating Co. said Tuesday that China is likely to devalue its currency, the yuan, over the next six months. ''The calculus in China has changed,'' said Roger Scher, D&P's chief of Asian sovereigns. ''Pressures for a devaluation are mounting, especially from exporters and import-competing industries. Policymakers could opt for a devaluation some time over the next six months,'' he said in a news release received here.

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