Yuan Declines for Fifth Week as PBOC Seen Cutting Back Support

  • Foreign-exchange reserves unexpectedly climbed in June
  • PBOC to weaken the yuan in an orderly, gradual way: Citic

Yuan Declines for Fifth Week

The yuan headed for a fifth weekly decline, the longest run of losses this year, amid speculation the central bank favors further depreciation as it seeks to revive economic growth.

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