Yuan falls to 7-month low on PBOC currency intervention

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Source: Bloomberg
Chinese Yuan dropped to 7-month record low after PBOC lowered the reference rate of currency to support country's exports amid slowing world demand. Nation's central bank lowered its daily fixing by 0.3% to CNY 6.3230. Chinese currency depreciated 0.2% to CNY 6.3769 at Shanghai trade. 
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