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The PBOC continues to let the yuan slide, the currency hitting its weakest level YTD against the...
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Wednesday, July 25, 2012, 12:20 PM ETThe PBOC continues to let the yuan slide, the currency hitting its weakest level YTD against the greenback today. The drop suggests Beijing is less worried about U.S. political pressure and more concerned with helping the country's exporters, currently reeling from sliding European demand (the yuan is on the rise vs. the euro).
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