The People’s Bank of China cut the yuan reference point against the US dollar by 174 basis points to 6.6451, the first cut in six days. Photo: Reuters

Yuan extends loss as greenback strengthens

Onshore yuan in Shanghai weakens to 6.6482 against the dollar

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The People’s Bank of China cut the yuan reference point against the US dollar by 174 basis points to 6.6451, the first cut in six days. Photo: Reuters
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