Yuan renews historical minimum

 Yuan renews historical minimum

The People's Bank of China lowered the yuan official rate by 225 points to 6.5693 yuan per dollar, fixing it to the lowest since March 2011.

Earlier, the State Council of China and the People's Bank of China expressed the need to take measures to keep a stable yuan exchange rate. At the same time the Central Bank is gradually increasing the role of market forces in determining the rate.

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