Market Takes Yuan Drop in Stride, Majors Continue to Consolidate

The Chinese yuan extended its sharp drop for the sixth consecutive session. Today’s 0.4% drop is the largest is the largest in almost two years and accounts for nearly half of the six-day decline. The fact that the spot rate ended weaker than the central bank’s reference rate for the first time…

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Market Takes Yuan Drop in Stride, Majors Continue to Consolidate

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