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Current account will stay in surplus this year

The nation is likely to maintain a current-account surplus this year, while cross-border capital flows could become more volatile, the country's foreign exchange regulator said on Monday. The surplus rose 48 percent last year to $219.7 billion, the State Administration of Foreign Exchange said in its annual report for 2014. The dollar may strengthen as the US Federal Reserve Board is expected to start raising interest rates in the second half of 2015, the SAFE said, adding that it will closely monitor cross-border currency arbitrage activities.