A money exchange booth in Hong Kong. The PBOC on Wednesday set the yuan reference point against the US dollar at 6.6908, 98 basis points or 0.15 per cent weaker than on Tuesday. Photo: Antony DICKSON

Market watchers warn of yuan depreciation

Onshore yuan trading at 6.6888 to the greenback, ahead 0.05pc, while offshore yuan in Hong Kong trading at 6.6769, 10 points stronger than Tuesday

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A money exchange booth in Hong Kong. The PBOC on Wednesday set the yuan reference point against the US dollar at 6.6908, 98 basis points or 0.15 per cent weaker than on Tuesday. Photo: Antony DICKSON
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