Yuan falls first time in six days amid fixing cut

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Source: Bloomberg
© Scanpix/RS
The Chinese Yuan decreased for the first time in a six-day period on Friday falling from the highest level in 19 years as the People's Bank of China reduced the fixing by 11 basis points to 6.2152 per U.S. Dollar today, largest cut since April 18. The Yuan fell 0.02% to 6.1574 per U.S. Dollar at 10:09 a.m. Shanghai time after it touched a level of 6.1537 yesterday.

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