KM Financial Solutions | Yuan fix rate set at weakest in 11-1/2 years, still stronger than expected
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Yuan fix rate set at weakest in 11-1/2 years, still stronger than expected

Yuan fix rate set at weakest in 11-1/2 years, still stronger than expected

China’s central bank set its
official yuan midpoint at its weakest in 11-1/2 years on Friday,
though for a fourth straight day it was stronger than the market
had expected, signalling the central bank’s intention to slow
the Chinese currency’s decline.

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