Yuan Falls Most in Two Months as Trading Resumes After Holidays
- Currency is approaching five-year low set in January
- Greenback strengthened 1.1 percent while China was shut
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The yuan fell by the most in two months as trading resumed for the first time since Wednesday.
The Chinese currency lost 0.4 percent to 6.5864 a dollar as of 4:52 p.m. in Shanghai, approaching a five-year low, after the central bank weakened the yuan’s reference rate by 0.3 percent. A gauge of the greenback’s strength climbed 1.1 percent during the two days that mainland markets were closed.