Both onshore and offshore yuan fell on Monday morning to two-week lows after the PBOC set the reference price lower. Photo: Reuters

Yuan falls after PBOC sets reference price at lowest level in a year

PBOC fixes the yuan’s daily reference rate at 6.6652 to the greenback

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Both onshore and offshore yuan fell on Monday morning to two-week lows after the PBOC set the reference price lower. Photo: Reuters
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