Yuan drops most since 2008 since central bank lowers fixing

Source: Bloomberg
© RS
The Yuan fell the most since 2008 as the central bank cut the currency's base rate by 0.18%. As China Foreign Exchange Trade system prices presented, the currency slid 0.50% to 6.2275 against the Dollar in Shanghai, which was the biggest loss since December 1, 2008, and touched 6,2334 previously, the weakest level since February 25, 2013, after which lost 1.47% in five days.
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