CHINA-ECONOMY: CHINA ADJUSTS RMB(YUAN)'S DAILY TRADING RANGE
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China’s central bank set the midpoint of the yuan’s daily trading range at 7.0039 to the U.S. dollar on August 8, the first time it has set the rate above the psychologically important 7-to-the-dollar mark since 2008. The move comes after the onshore and offshore yuan weakened past the 7-to-the-dollar level during trading in the past three days.
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