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China Will Allow Its Currency To Make Bigger Swings Each Day

China Will Allow Its Currency To Make Bigger Swings Each Day

Business Insider - AP

The band in which the tightly controlled yuan is allowed to fluctuate each day against the U.S. dollar will double in size but stay relatively narrow, allowing a 2 percent change up or down. The move, widely expected, adds to a steady drumbeat of policy changes announced as part of plans by the …

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