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Mohd Afzanizam said the scenario in China seems to favour the US dollar, because the US economy is seen as more resilient, and the US Federal Reserve may avoid aggressive rate cuts. “The markets were anticipating a larger fiscal stimulus to avert deflation. China’s inflation price was flat at 0.4 per cent in September, down from a zero.6 per cent rise in the previous month. Commenting on global sentiment, he noted that China’s Ministry of Finance briefing over the weekend lacked details.
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