HONG KONG/SHANGHAI, Aug 5 (Reuters) – China’s offshore yuan
weakened beyond 7 per dollar in early Monday trade, its
lowest level since offshore trading began.
The 7-level was seen as a crucial barrier defended by the
People’s Bank of China, and one traders believed was key in
stemming any further weakness in the Chinese currency.
(Reporting by Noah Sin and Winni Zhou
Editing by Shri Navaratnam)
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