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PBOC cuts yuan's reference rate to 4-year low
Published Wed, Dec 9, 2015 · 09:50 PM
Hong Kong
CHINA cut the yuan's reference rate to the weakest since 2011, fuelling speculation that the authorities are trying to release pent-up depreciation pressure before an expected increase in US interest rates.
There are signs that the People's Bank of China (PBOC) has started guiding the yuan lower before…
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