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China sets yuan midpoint 633 pips below estimate, largest deviation since February 27

The PBOC set its yuan midpoint at 6.7852 per dollar, 633 pips below estimates, marking the largest weak-side fix since February as Beijing tries

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The PBOC set its yuan midpoint at 6.7852 per dollar, 633 pips below estimates, marking the largest weak-side fix since February as Beijing tries

Compared with a more than 2 per cent decline in the US dollar index since late July, the yuan gained less than 1 per cent against the dollar.