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Offshore yuan slumps after report China has neutralized counter-cyclical factor

SHANGHAI, Oct 27 (Reuters) - China’s offshore yuan weakened from 6.7074 per dollar to a low of 6.7236 on Tuesday after Reuters reported, citing two sources, that China’s central bank has neutralized the counter-cyclical factor in its daily yuan midpoint fixing. (Reporting by Andrew Galbraith; Editing by Andrew Heavens)

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