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Wednesday, 08/12/2015 12:03:39 PM

Wednesday, August 12, 2015 12:03:39 PM

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China's yuan hit a four-year low on Wednesday, falling for a second day after authorities devalued it, and sources said clamor in government circles to help struggling exporters would put pressure on the central bank to let it drop lower still.

Spot yuan in China slid to as low as 6.4510 per dollar, its weakest since August 2011, after the central bank set its daily midpoint reference at 6.3306, even weaker than Tuesday's devaluation.

The currency fared worse in international trade, touching 6.59 to the dollar .


http://www.reuters.com/article/2015/08/12/us-china-markets-yuan-idUSKCN0QG04U20150812