China’s Offshore Yuan Shows Small Drop After Slump in PMI
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China’s currency weakened slightly at the start of trading after data showed a gauge of the nation’s factory output fell to the lowest level on record.
The offshore yuan fell 0.2% to 6.9928 per dollar at 4:38 a.m. Hong Kong time. Technical resistance is at 7.0572, which it touched on Feb. 21.