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

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 . . .

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