China's central bank steps in to slow its rapidly weakening currency, as yuan hits one-year lows - CNBC

The Chinese yuan traded a touch stronger against the U.S. dollar Tuesday, reversing a sharp weakening trend after the PBOC signaled support for its currency.

The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China's economic growth. BEIJING The Chinese yuan stren… [+4899 chars]

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