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China Devalues Currency For Third Day

China has allowed the value of its yuan currency to weaken against the dollar for a third consecutive day. The central bank on Thursday set the yuan's daily reference point just over 1 percent lower from the previous day, at about 6.40 per dollar. Beijing strictly controls the yuan, allowing it to trade within a range of 2 percent above or below the reference point, which it sets daily. So far, the currency has lost around four percent since the initial change in the market...

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