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China Sets Yuan Midpoint at 6.7411, 12 Pips Weaker Than Previous Fix

The People’s Bank of China set the yuan’s central parity rate at 6.7411 per US dollar, 12 pips weaker than the previous fix of 6.7399. The spot rate closed the prior official session at 6.7128, while the overnight session ended at 6.7118.

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