Yuan falls to one-month low as central bank cuts reference rate

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Source: Bloomebrg
The Chinese Yuan fell to a one-month low as the nation's central bank cut the reference rate by 0.07% to 6.2860 per Dollar, increasing speculation policy makers protect the country's export versus a weak Yen. The Yuan declined 0.04% to 6.2294 per U.S. Dollar at 9:52 a.m. in Shanghai and touched 6.2304 per greenback, the lowest level since January 7. 
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