Capurso Says Yuan May Rise 6.7% by End of 2012

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July 21 (Bloomberg) -- Joseph Capurso, a currency strategist at Commonwealth Bank of Australia, talks about the outlook for China's currency and the timetable for its internationalization. The yuan reached a 17-year high yesterday before the sixth anniversary of a dollar peg being scrapped, fanning speculation currency gains will be allowed to help tame inflation. Capurso speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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