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Wednesday, 6 June 2012

2012.06.06 09:59:49 *Ex-PBOC Adviser Li: Yuan May Become International Reserve Currency Over 10-20 Years

0801 GMT [Dow Jones] USD/CNH, or offshore USD/CNY, is slightly lower at 6.3650 vs 6.3660 late Tuesday in Asia as risk sentiment picks up amid expectations that the ECB will take fresh easing action later in the day to calm market jitters. Also, the possibility of a fresh round of U.S. stimulus measures supports risk-sensitive Asian currencies, says a trader at a Singapore bank; he tips the pair to trade in a 6.3630-6.3660 band in the near term. Hong Kong Treasury Markets Association's USD/CNH fixing was set at 6.3653 vs Tuesday's 6.3638. One-year USD/CNY NDFs are quoted at 6.4215/6.4245 vs 6.4300/6.4330 late Tuesday in Asia. Onshore, the USD/CNY is trading at 6.3645 vs 6.3675. The PBOC set Wednesday's central parity at 6.3261 vs Tuesday's 6.3225. (carol.chan@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires June 06, 2012 04:01 ET (08:01 GMT)

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