An employee hands banknotes to a customer at a branch of the Industry and Commercial Bank of China in Hefei. Photo: Reuters

Yuan swoons to near three-week low after Moody’s downgrades China debt outlook to ‘negative’

PBOC sets the daily yuan fixing at 6.5490 per US dollar, weaker by 105 basis points versus Tuesday’s setting

Topic |   Yuan

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An employee hands banknotes to a customer at a branch of the Industry and Commercial Bank of China in Hefei. Photo: Reuters
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