Yuan Falters as China Battles Wuhan Virus

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The Wuhan coronavirus outbreak is fanning worries of a deeper economic slowdown in China, pushing the yuan down more than 1% this week

The yuan traded at 6.9251 against the U.S. dollar in offshore trading midday Friday, a two-week low. Onshore, the currency fell more than 1% this week before Chinese markets closed Jan 24 for a weeklong holiday.

 

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