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China weakens yuan fix by most since August devaluation

PBOC cuts value of yuan by 0.59 per cent from Tuesday; analysts say move in line with strength in US dollar

Shanghai

CHINA's central bank on Wednesday fixed the yuan nearly 0.60 per cent weaker against the US dollar, according to the national foreign exchange market, the biggest downward move since devaluing the unit in August last year.

The People's Bank of China set the value of the