The People’s Bank of China on Tuesday set the yuan reference point against the US dollar at 6.8975, 85 basis points or 0.12 per cent stronger than on Monday. Photo: Reuters

Yuan drops to lowest level in a week

Offshore yuan in Hong Kong has declined for seven consecutive trading days

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The People’s Bank of China on Tuesday set the yuan reference point against the US dollar at 6.8975, 85 basis points or 0.12 per cent stronger than on Monday. Photo: Reuters
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