China’s yuan closes flat as market looks for direction Add to ..

August 17, 2015 11:32 AM

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China’s yuan closed flat against the dollar on Monday after a historic weekly loss last week, with the market looking for direction on where the currency will move.

The People’s Bank of China set the midpoint rate at 6.3969 per dollar prior to market open, weaker than Friday’s closing quote of 6.3918.

Also read: China Growth Holds Steady at 6.7% in Third Quarter

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