Yuan rallies after daily range was widened

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Source: Forexfactory
The Yuan appreciated against its US counterpart during morning session on Tuesday, rallying for the second consecutive day after China widened the daily currency band. USD/CHY exchange rate attainted 6.3010 amid global greenback's weakness.  The trade was slightly choppy as risk-aversion among investors increased in view of global economic concerns, said one trader from China.


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