| The yuan touched its weakest level against the dollar in more than five years after MSCI decision. Anxiety is building around the yuan, as the Chinese currency briefly fell to its weakest level against the dollar in more than five years on Wednesday.
The yuan’s tumble early in the day was partly driven by MSCI Inc.’s decision not to include mainland shares in its indexes. It was the third time MSCI had turned down China’s push to be included and meant sudden death to prospects of what had been estimated to be hundreds of billions of dollars of capital inflows...............................................Full Article: Source
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