#economic easing program

[customstoday]

China‘s Yuan plunges in early trade after ECB statement

China‘s Yuan plunges in early trade after ECB statement

BEIJING: China’s yuan started lower Friday, after the European Central Bank revealed a violent economic easing program to enhance its slow economy.

The People’s Bank of China weakened the yuan’s daily reference rate against the U.S. dollar by the most since March last year, when it widened the currency’s trading band.

China too has been pushing through stimulus measures in recent months as growth…

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