China's yuan set for biggest weekly loss ever

HONG KONG Thu Feb 27, 2014 9:00pm EST

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HONG KONG Feb 28 (Reuters) - China's yuan has fallen 0.8 percent against the dollar for the week and is set for the biggest weekly loss on record.

The yuan opened at 6.1275 per dollar on Friday and quickly slid to 6.1390 in morning trade.

The People's Bank of China (PBOC) set the yuan midpoint at 6.1214.

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