Aussie falls amid devalued Yuan

Note: This section contains information in English only.
Source: WBP Online
The Australian national currency slipped against the Dollar, after the Chinese government unexpectedly depreciated Renmibi. The Australian Dollar fell 1% to 0.7333 against the Greenback by 7:25 AM GMT. The Aussie suffered, since China is Australia's largest export partner, therefore a weaker Yuan means that the Chinese companies will have smaller purchasing power of Australian goods.
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