Yuan falls as the People's Bank of China sets the currency's fixing

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Source: Bloomberg
The Chinese currency dropped, following its six-months high as the People's Bank of China set a new level of the currency's fixing which stops it from strengthening. The Yuan slid 0.08% to 6.1826 per greenback after gaining 0.24% a week ago. It is believed that China should sacrifice short-term growth in order to ensure structural adjustments.

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