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Dollar’s 3-day slide pauses; China sets yuan level at weakest in 18 months

Aaron Hankin
Dollar’s 3-day slide pauses; China sets yuan level at weakest in 18 months

The U.S. currency, as measured by the ICE Dollar Index, (DXY) a measure of the buck’s strength against six trading rivals, was at 95.265, up 0.3%. Overnight, the People’s Bank of China set the yuan (USDCNY) midpoint at 6.9120, its weakest level since March 10, 2017.