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Wednesday, 14 Jul 2021 11:41 AM MYT
Before the market opened, the People s Bank of China (PBOC) set the midpoint at 6.4806 yuan per dollar, 49 pips weaker than the previous fix of 6.4757. Reuters pic
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SHANGHAI, July 14 ― China s yuan eased against a firmer dollar this morning, with many investors growing cautious after the currency s value against its major trading partners surged to a more than five-year high.
Before the market opened, the People s Bank of China (PBOC) set the midpoint at 6.4806 yuan per dollar, 49 pips weaker than the previous fix of 6.4757. It was the weakest since June 24.