China's Yuan falls as PBOC intervenes

Source: Reuters
© Scanpix/RS
The Chinese currency declined on Friday and recorded its largest weekly decrease all-time after the People's Bank of China intervened on the market and weaken the country's currency before the policy meeting next week. The Yuan slipped as much as 0.8% to 6.1808 a U.S. Dollar and it closed today at 6.1450, 0.27% lower than yesterday.

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