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US tapering: China urged to make preparations for ‘spillover’ after Fed confirms tapering

Summary:
[unable to retrieve full-text content]China’s yuan appreciated slightly on Thursday, defying expectations it would weaken on imminent tapering from the US Federal Reserve, although Beijing has been warned to prepare for “possible spillover”.Federal Reserve chair Jerome Powell announced on Wednesday asset purchases would be scaled back by US billion a month. Some analysts predict the tapering to be finished by June next year and it is likely to be followed by rate hikes.The US central bank’s move to unwind its massive pandemic…

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[unable to retrieve full-text content]
China’s yuan appreciated slightly on Thursday, defying expectations it would weaken on imminent tapering from the US Federal Reserve, although Beijing has been warned to prepare for “possible spillover”.Federal Reserve chair Jerome Powell announced on Wednesday asset purchases would be scaled back by US$15 billion a month. Some analysts predict the tapering to be finished by June next year and it is likely to be followed by rate hikes.The US central bank’s move to unwind its massive pandemic…

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