The People’s Bank of China set the mid-price of the yuan against the US dollar at 6.7008 on Monday. Photo: Reuters

China’s central bank lets yuan fall below defensive line

Pressure on currency likely to mount as Beijing tightens curbs on property speculation and the US Fed looks set to raise interest rates, analysts say

Topic |   Yuan

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The People’s Bank of China set the mid-price of the yuan against the US dollar at 6.7008 on Monday. Photo: Reuters
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