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SHANGHAI, Oct 9 (Reuters) - China's yuan held steady against the U.S.<br> <br> <br> <br> dollar on Wednesday, as investors awaited more stimulus from the world's second-largest economy and <br> <br> the Federal Reserve's September meeting minutes due later in the day to gauge its policy <br> <br> path. The dollar held steady, giving some relief to the yuan after a sharp rally <br> <br> to a seven-week high last week.<br> <br> Spot yuan opened at 7.0650 per dollar and was last trading 12 pips lower <br> <br> than the previous late session close at 7.066. Prior to <br> <br> the market opening, the People's Bank of China (PBOC) set the <br> <br> midpoint rate, around which the yuan is allowed to <br> <br> trade in a 2% band, at 7.0568 per dollar, only 3 pips weaker than a Reuters' estimate.<br> <br> <br> <br> <br> <br> China's blue-chip CSI300 index dropped for the first time since Sept.<br> <br> 13, poised to snapping a 10-day winning streak, after officials on Tuesday <br> <br> failed to offer much new on stimulus plans to revive the economy.<br> <br> The yuan is down 0.7% against the dollar so far this month,<br> <br> due to broad dollar strength, but the currency has 0.5% firmed for the <br> <br> year-to-date.<br> <br> China equities' recent rally has raised the bar for an upside surprise from expected fiscal stimulus news, said UBS strategists led by Rohit <br> <br> Arora, adding that the offshore yuan's near-term risk reward is <br> <br> unattractive. "Historically, fizzling of China equities' spurts acted as a bigger drag on CNH vis-à-vis the tailwinds from equities' surge," the strategists <br> <br> said.<br> <br> <br> <br> Nevertheless, market participants are still awaiting additional <br> <br> stimulus measures that could help further lift <br> <br> China asset sentiment. Citi FX traders think the offshore <br> <br> yuan could trade well if local equities remain supported, similar to what happened in Nov.<br> <br> <br> <br> 2022 - Jan. 2023, according to the bank's note to clients.<br> <br> The offshore yuan traded at 7.0682 yuan per dollar, up about 0.09% in Asian trade.<br> <br> <br> <br> The dollar's six-currency index was 0.039% higher at 102.53.<br> <br> LEVELS AT 02:44 GMT INSTRUM CURRENT UP/DOWN( % DAY'S DAY'S ENT vs USD -) VS.<br> <br> <br> <br> <br> <br> CHANGE HIGH LOW PREVIOUS YR-TO-D CLOSE % ATE Spot 7.066 -0.07 0.51 7.063 7.0697 yuan &lt;<br> <br> CNY=CF XS Offshor 7.071 0.09 0.81 7.064 7.0741 e yuan spot &lt;CNH=D3 > (Reporting by Shanghai Newsroom;<br> <br> Editing by Kim Coghill)<br> <br> <br> <br> Check out my web blog: ร้าน พวงหรีด <br> <br> ปาก คลอง ตลาด 2 - https://brandsinsoccer.com/product/%E0%B8%9E%E0%B8%A7%E0%B8%87%E0%B8%AB%E0%B8%A3%E0%B8%B5%E0%B8%94-%E0%B8%84%E0%B8%A5%E0%B8%AD%E0%B8%87%E0%B8%AA%E0%B8%B2%E0%B8%99/
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