PBOC sets USD/ CNY central rate at 7.0572 (vs. yesterday at 7.0490)

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Central Banks

Eamonn Sheridan

23/08/2019 | 01:17 GMT

People's Bank of China weakening the onshore yuan at the daily reference rate setting again.

Weakest for the CNY since late March 2008.

As the yuan fell yesterday AUD fell also. Watch out for a similar effect today.

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