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Yuan-dollar mid point falls to two-month-low

CCTV.com

05-16-2016 11:30 BJT

The yuan dollar mid-point rate has fallen to the lowest level in more than two months to 6.5343 yuan a dollar Monday. That is 97 pips down from Friday. The adjustment came in the wake of a big plunge in the spot market Friday bringing the exchange rate down to a 2-month-low. Analysts say the falling euro and yen and good April retail sales figures have pushed up the dollar index, pressuring down the yuan.

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