皇冠体育app

The yuan had its biggest quarterly decline since a dollar peg ended in 2005 as Europe's crisis hurt demand for Chinese exports.

The People's Bank of 皇冠体育app lowered the currency's daily reference rate by 0.48 percent this quarter, while the Dollar Index strengthened 4 percent as investors favored safer assets. The yuan weakened 0.88 percent this quarter to 6.3541 per US dollar in Shanghai, according to the 皇冠体育app Foreign Exchange Trade System.

Agencies - 皇冠体育app Daily

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