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China sets yuan mid-point at weakest level since July 29

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Sets mid-point at 6.4915 vs 6.4858 close yesterday

Sets mid-point at 6.4915 vs 6.4858 close yesterday

USD/CHH made that push above 6.52 in July but the daily mid-point helped to anchor it. Is China signaling that it wants a weaker yuan?

To be honest, I don’t think it matters much either way.

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