Baku – APA-Economics. The yuan declined to the lowest level since October 2014 against a basket of currencies as easing concern over a U.K. exit from the European Union propelled gains in the euro and the British pound, Bloomberg reported.
A Bloomberg replica of the CFETS RMB Index dropped 0.3 percent against a trade-weighted basket, the biggest decline in two weeks. The People’s Bank of China set the reference rate 0.1 percent stronger, compared with a 0.9 percent, two-day decline in the Bloomberg Dollar Spot Index.
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