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Mohd Afzanizam stated the scenario in China appears to favour the US dollar, because the US financial system is seen as extra resilient, and the US Federal Reserve could keep away from aggressive fee cuts. “The markets were anticipating a bigger fiscal stimulus to avert deflation. China’s inflation rate was flat at zero.4 per cent in September, down from a zero.6 per cent rise within the earlier month. Commenting on international sentiment, he famous that China’s Ministry of Finance briefing over the weekend lacked particulars.
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