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China’s yuan halted a five-day advance after the central bank lowered the currency’s reference rate on concern exports to the U.S. will suffer unless American lawmakers agree on budget revisions.

Photographer: Nelson Ching/Bloomberg

China’s yuan halted a five-day advance after the central bank lowered the currency’s reference rate on concern exports to the U.S. will suffer unless American lawmakers agree on budget revisions.
December 24, 2012
Article
Yuan Halts Five-Day Gain as Central Bank Weakens Reference Rate
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