China weakens yuan 0.51% against dollar, most since August

GMT 06:20 2016 Thursday ,07 January

Arab Today, arab today China weakens yuan 0.51% against dollar, most since August

China economy
Shanghai - Arab Today

China weakened the value of its yuan currency by 0.51 percent to 6.5646 against the US dollar on Thursday, figures from the China Foreign Exchange Trade System showed.

It was the biggest drop since August, Bloomberg News reported, when Beijing guided the unit down by nearly five percent in a week in a surprise devaluation.

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