No reason for further yuan devaluation, says China's central bank

August 14, 2015 6:07 AM

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No reason for further yuan devaluation, says China's central bank

China's yuan firmed at open on Friday, after the central bank said there was no reason for the yuan to fall further given the country's strong economic fundamentals.

The People's Bank of China set the midpoint rate CNY=SAEC at 6.3975 per dollar prior to market open, firmer than the previous day close 6.399.

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