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Yuan sinks to 19-month low as China loosens currency grip

Shanghai [China], April 10 (ANI): China’s currency slumped to its lowest level against the US dollar in over a year and a half on Tuesday, after the central bank set a weaker-than-expected reference rate amid intensifying trade tensions with Washington, Nikkei Asia reported.

The People’s Bank of China’s (PBOC) latest move signalled a possible shift in its stance on currency stability, raising market expectations