Assouplissment monetary policies implemented in the developed economies will have an upward pressure on the raw materials and will weigh on the dollar this year, said Friday the central bank.
The Popular Bank of China also alarmed the crisis of European sovereign debt could, in its worse. "We expect a continued recovery and we believe that the foundations of the recovery will be stronger, " she says in her report.
If she is concerned about the situation in the euro area, China's central bank said the dollar could slide further as the single currency due to low interest rates and deficits.
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