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PBOC set yuan fixing weaker than 7 per USD for first time since 2008, stronger than expected

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The People's Bank of China on Thursday set the daily fixing for the yuan at 7.0039 yuan per US dollar, weaker than the 7-per-USD level for the first time since 2008 global financial crisis.

Investors are closely watching the number for signals after the currency slid past the key psychological  7-yuan-per-dollar level on Monday for the first time in a decade, which prompted the Trump administration to label Beijing a currency manipulator for . . .

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