Euro declines against Greenback on PBoC intervention

Note: This section contains information in English only.
Source: WBP Online
The People's Bank of China decision to devaluate the Yuan caused the global risk-off sentiment, boosting demand for safe-haven currencies - the US Dollar and the Japanese Yen. The shared currency dropped 0.32% against the US Dollar at $1.0975 by 07:06 AM GMT. Meanwhile, the PBoC devalued the nation's currency to its lowest rate versus the Greenback in three years in order to bolster the export and support the economy.   

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