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China omits US dollar from forex trading fee waivers in bid to bolster yuan

Summary:
[unable to retrieve full-text content]China is waiving transaction fees between the yuan and 12 currencies, including the Singapore dollar, Russia rouble and Korean won, for three years in its onshore foreign exchange market in a clear move to skirt the US dollar.China’s exchange regulator, the State Administration of Foreign Exchange (SAFE), said in a notice on Monday that it was waiving fees associated with bidding and asking prices in interbank trading of the yuan and the dozen currencies from August 1.The other nine currencies…

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[unable to retrieve full-text content]
China is waiving transaction fees between the yuan and 12 currencies, including the Singapore dollar, Russia rouble and Korean won, for three years in its onshore foreign exchange market in a clear move to skirt the US dollar.China’s exchange regulator, the State Administration of Foreign Exchange (SAFE), said in a notice on Monday that it was waiving fees associated with bidding and asking prices in interbank trading of the yuan and the dozen currencies from August 1.The other nine currencies…

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