Yuan falls on declining trade surplus

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Source: China.org.cn

The fall in the yuan value for the five consecutive days is a natural response of the market to declining trade surplus in China, claim analysts. The yuan value is likely to be balanced in long-run, they add.  China's trade surplus tumbled by 36% in October on an annual basis weighting down on the country's currency value that fell essentially against the greenback to USD/CNY being 6.3651.

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