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US$ weak, but keeps two-year high against yuan

On Saturday the People's Bank of China cut rates by 25 basis points, pointing to "historically low inflation", in its latest bid to kick-start the world's number two economy


THE US dollar slipped on Tuesday following mixed US data, but it was sitting near a two-year high against China's yuan after Beijing cut interest rates at the weekend for the second time in three months. In Tokyo, the US dollar weakened to 119.58 yen, down from 120.17 yen in New...

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