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Pressure on yuan may boost earnings for some SGX firms

The yuan fell 0.8 per cent to end its onshore trading session at 6.8721 per US dollar on Monday, its weakest such close since Jan 3.


FADING hopes of a US-China trade resolution have hit China's currency, with some banks revising their forecasts for the currency lower as the yuan slumped to a four-month low on Monday.

A weaker yuan trend could benefit Singapore-listed companies which clock costs in the...

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