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Yuan heads towards 6-year low as capital outflows fuel weakness

Wednesday, November 9, 2016 - 05:50

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The yuan weakened towards its lowest level in six years as the US dollar strengthened and the Chinese government struggled to plug loopholes in capital controls.

Beijing

THE yuan weakened towards its lowest level in six years as the US dollar strengthened and the Chinese government struggled to plug loopholes in capital controls.

The fall in the exchange rate extended a 0.3 per cent slump on Monday that was the biggest in a month. The

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