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China's Yuan Sinks to 10-Year Low Against Dollar

China's yuan sank to a 10-year low against the dollar on Monday, coming close to breaking the politically sensitive level of seven to the U.S. currency. The yuan declined to 6.9644 per dollar at midday, passing its most recent low in 2016 before recovering slightly. It was the lowest level since May 2008. The currency's weakness is one of a series of elements fueling Washington's trade complaints against Beijing. The U.S. Treasury Department declined this month to label...

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