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QE3 would worsen Asian inflation, hurt equities, says BoA Merrill

Further Fed quantitative easing would force Asian central banks to tighten, although China should be able to keep a lid on inflation, agree panellists at the bank's global macro forum.

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The Chinese yuan is:



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Overvalued versus the dollar
  23%
 
Undervalued versus the dollar
  49%
 
At fair value versus the dollar
  28%
TOTAL VOTES: 69
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