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Yuan Forwards Halt Drop on IMF Support as Capital Outflows Ease

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Yuan forwards halted a three-day losing streak after International Monetary Fund staff recommended the currency be added to the institution’s basket of reserve currencies. Twelve-month non-deliverable contracts gained 0.05 percent to 6.5805 per dollar as of 8:02 a.m. in Hong Kong, according to data compiled by Bloomberg. The contracts slid 0.42 percent on Friday, their biggest decline in two...

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