Yuan Pares Biggest Monthly Loss Since 1994 as Li Talks Stability

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  • Premier says no basis for more declines as volatility surges
  • PBOC raises fixing for second day as military parade nears

Judging China’s Volatile Equity Markets

China’s yuan rose for the fourth day, trimming the biggest monthly loss since 1994, after Premier Li Keqiang signaled support for the currency following a devaluation that rattled global markets and shook confidence in the world’s second-largest economy.

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