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KM Financial Solutions | China sets yuan midpoint at new 11-1/2-yr low, but not as weak as expected
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China sets yuan midpoint at new 11-1/2-yr low, but not as weak as expected

26 Aug China sets yuan midpoint at new 11-1/2-yr low, but not as weak as expected

Posted at 01:35h in News by
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China’s central bank lowered
its official yuan midpoint to a fresh 11-1/2-year low on
Tuesday, but at a firmer setting than traders had expected.

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