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Recent yuan move not to have big impact on trade – China’s MOFCOM

Following are the latest headlines hitting the wires from the Ministry of Commerce of the People's Republic of China (MOFCOM):

Yuan depreciation not to benefit China exports

Recent yuan move not to have big impact on trade

Small depreciation/appreciation not to influence trade

Gold rebounds in Asia on flight to safety, eyes 200-DMA

The bullion staged a solid comeback in the Asian trades, having found good support just ahead of $ 1200 mark, as risk-off sentiment returned to markets on renewed oil price decline.
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EUR/USD extending the recovery from 200-DMA

The main currency pair holds onto the key 200-DMA support placed at 1.1025 and now attempts a minor-recovery few pips shy of 1.1050 levels.
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