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Traders, Once Bitten Twice Shy, Shrug Off PBOC's Yuan Assurances

  • Memories of 2015 remain when such promises were not kept
  • Chinese currency maintains biggest plunge in four years
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Which Assets Will Suffer the Most Sustained Pain From the Yuan's Breach of Seven?

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Assurances from China’s central bank that it won’t use the yuan to fight a trade war with the U.S. have fallen on deaf ears.