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UBS dismisses 2012 depreciation fears for RMB

Chief investment strategist Yonghao Pu says there is neither economic nor political rationale to support such concerns, with money outflows behind recent weakness versus the dollar.

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The Chinese yuan is:



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Overvalued versus the dollar
  23%
 
Undervalued versus the dollar
  50%
 
At fair value versus the dollar
  27%
TOTAL VOTES: 70
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