Yuan falls as PBOC doubles fixing

Source: Reuters
© Scanpix/RS
The Chinese currency declined on Monday falling against the U.S. Dollar after the People's Bank of China doubled the daily fixing to the Greenback in order to fulfill a commitment to let the market play bigger role in the region's economy. The Yuan opened today at $6.15 per U.S. Dollar and it dropped to $6.1642 later during the session.

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