Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy. I know where I'm going and I know the truth, and I don't have to be what you want me to be. I'm free to be what I want. Never give up; Never give in.
I'm free to be what I want. Always continue the climb. It is possible for you to do whatever you choose, if you first get to know who you are and are willing to work with a power that is greater than ourselves to do it. We are taught you must blame your father, your sisters, your brothers, the school, the teachers - but never blame yourself. It's never your fault. But it's always your fault, because if you wanted to change you're the one who has got to change.
[blockquote author="Unknown"]If you first get to know who you are and are willing to work with a power that is greater than ourselves to do it[/blockquote]Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now. Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence. If you can dream it, you can do it. Do it now, not tomorrow. Always continue the climb. It is possible for you to do whatever you choose, if you first get to know who you are and are willing to work with a power that is greater than ourselves to do it. We are taught you must blame your father, your sisters, your brothers, the school, the teachers - but never blame yourself
Learn from the past, set vivid, detailed goals for the future, and live in the only moment of time over which you have any control: now. Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence. If you can dream it, you can do it. Do it now, not tomorrow. Always continue the climb. It is possible for you to do whatever you choose, if you first get to know who you are and are willing to work with a power that is greater than ourselves to do it. We are taught you must blame your father, your sisters, your brothers, the school, the teachers - but never blame yourself
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SHANGHAI, Dec 6 (Reuters) - The yuan was little changed on Friday against
the dollar, but is headed for its tenth straight weekly loss amid concerns that new tariff threatened
by President-elect Donald Trump will heighten strains on the struggling Chinese economy.
Analysts expect the dollar to remain firm as Trump's policies are expected
to drive up U.S. inflation, but they believe Beijing will
prevent the yuan from falling too much. "We anticipate some depreciation pressure in an expected strong dollar environment," Lynn Song, Greater China chief economist
at ING, said in a note.
However, "we don't expect an intentional large-scale depreciation and think the yuan will remain a low-volatility currency vis-à-vis most other Asian currencies."
The yuan was changing hands at 7.2549 per dollar around
midday, little moved from the previous close.
Although the currency has rebounded from a one-year low of 7.2996 hit on Tuesday,
it is poised to register its longest weekly losing streak since 2018.
The dollar index fell to one-week low overnight and "the USD's consolidation should unwind the upside pressure building" in the yuan, aided by ongoing attempts by China's
central bank to restrain its decline, said Alvin Tan, strategist at RBC Capital Markets.
Recent data has painted a mixed picture of China's economic recovery, with manufacturing activities improving, but
property sales in many Chinese cities remaining weak.
China's "economic landscape is unarguably dull, and the absence of excitement is perhaps the most salient feature," said John Browning, managing
director of BANDS Financial.
He doesn't expect huge stimulus to be announced during next week's Central Economic
Work Conference, as "Beijing's largesse will be reserved until after Trump is restored to the White House and the trade war formally begins." Top policymakers will gather at the conference to
agree on major economic goals for next year.
But the target for 2025 growth, one of the most closely-watched
indicators globally for clues of Beijing's near-term policy intentions, likely will not be officially announced until an annual parliament meeting in March.
During Trump's first term as president, the yuan weakened about 5% against
the dollar after the initial round of U.S.
tariffs on Chinese goods in 2018, and fell another 1.5% a year later when trade tensions escalated.
Growth worries and expectations of further monetary easing by Beijing
pushed China's 10-year treasury yields below 2% to record lows this week,
worsening the yield disadvantage against the U.S., and exerting downward pressure
on the yuan. ING's Song expects the onshore yuan to
move within a band between 7.00-7.40 per dollar, but could fall further to 7.50 "if tariffs come in earlier or more aggressive than our forecasts."
LEVELS AT 03:47 GMT GMT INSTRUME CURRENT UP/DOWN( % CHANGE DAY'S DAY'S
LOW NT vs USD -) VS.
YR-TO-DATE HIGH PREVIOUS CLOSE % Spot 7.255 0.09 -2.11 7.2518 7.2675 yuan CNY=CFX S Offshore 7.2615
0.03 -1.87 7.2574 7.2733 yuan spot (Reporting by Shanghai newsroom; Editing by Kim Coghill)
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