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Yuan slide might be 'end of an era'

By Gao Changxin in Beijing and Shi Jing in Shanghai and Zheng Caixiong in Guangzhou | China Daily | Updated: 2014-03-01 08:26

Fluctuations seen by some analysts as deliberate move by central bank

The yuan closed at an eight-month low against the dollar on Friday after a sharp mid-day dip. Economists said this volatility might signal the end of nearly a decade of gains for the currency.

The yuan was down by 0.9 percent during the trading day, the biggest such movement since at least April 2007.

Yuan slide might be 'end of an era'

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