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The value of the Chinese currency renminbi, or the yuan, weakened 55 basis points to 6.1506 against the U.S.dollar in its central parity on Wednesday, ending its sharp three-day rise. |
The People's Bank of China, the central bank, set the yuan's daily reference rate against the US dollar to its biggest single-day rise in 20 months on Monday, after the nation reported the biggest trade surplus in five years in May. |
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