yuan spot market rate
China's Yuan Loses Value for Second Straight Day
| Benjie Batanes | | Aug 12, 2015 11:50 AM EDT |
Chinese financial authorities have let the yuan fall in value for the second straight day on Wednesday, providing a boost for the country's exporters. Meanwhile, other countries, such as the United States, have denounced China's decision to let the yuan devaluation trigger speculations of a currency war.
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