Yuan in Longest Declining Run Since December as PBOC Cuts Fixing

  • China focusing more on index of currencies, OCBC's Xie says
  • Dollar plays biggest role in currency basket: Governor Zhou

China Cuts Reserve Ratio in Latest Economic Boost

The yuan weakened for a seventh day, the longest run of declines since December, as China’s central bank lowered the currency’s reference rate and the dollar advanced amid data showing a strengthening U.S. economy.

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