	Symbol	Bid	Ask
	EURUSD	1.3336	1.3339
	GBPUSD	1.5672	1.5675
	USDJPY	94.91	94.94
	USDCHF	0.9252	0.9255
	USDCAD	1.0192	1.0195
	EURJPY	126.57	126.6
	EURCHF	1.2339	1.2342
	GBPJPY	148.68	148.75
	GBPCHF	1.4498	1.4505
	GOLD	1378.41	1379.01
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Research: China more Likely to Export Capital in the Long Run

Quotes from Societe Generale Cross Asset Research:

-China has clearly accelerated the pace of capital account openness in recent months, with more incremental steps. If history is any guide, as the reform proceeds, China is more likely to export capital in the long run.

-Barring extreme scenarios, China should be able to cope with this trend by timely (downward) adjustments of monetary sterilisation. From that perspective, cutting required reserve ratios should be viewed as part of the structural transition.

Published: 2012-05-04 13:51:00 UTC+00

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Jun 18 at 7:04 UTC