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The Chinese yuan CNY=CFXS fell to its lowest levels in more than eight years, after the central bank set the daily mid-point at the lowest since mid 2008. Low-yielding currencies such as the Singapore dollar SGD= and Korean won KRW= came under pressure, as investors grew anxious over the risk of capital being sucked out of regional economies toward dollar-based assets.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.