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People’s Bank of China (PBOC) sets yuan reference rate at 6.3985

ByEamonn Sheridan

Dec 7, 2015

Even after the jelly you made is set, it wobbles. The People’s Bank of China allows the USD/CNY to wobble by +/-2% from each day’s mid-point.
A big weakening for the yuan set today, to its weakest since August 28

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By Eamonn Sheridan

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