DAILY FOREX REPORT FROM RESEARCH VIA 20/Aug/2014

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chavi verma

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Aug 20, 2014, 2:24:08 AM8/20/14

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MARKET HEADLINES

Asia forex edge higher; yuan hits 5-month high

Most emerging Asian currencies crawled higher on Tuesday with the Chinese yuan at a five-month high as geopolitical tensions over the conflict in Ukraine eased. The firm dollar, however, kept trading ranges tight. Spot yuan rose 0.1 per cent to 6.1368 per dollar, its strongest since March 13, amid confidence in China's economy even though the central bank set a lower official guidance rate.

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