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Chinese yuan falls to six-month low on dollar strength

SHANGHAI/HONG KONG -- The Chinese yuan traded on the mainland hit a six-month low against the dollar of 7.2488, highlighting the divergent monetary policies of the world's two biggest economies.

High U.S. interest rates and efforts to stimulate the domestic economy pose a continuing challenge to the yuan despite the onshore exchange market trading within a band fixed by China's central bank.

Read more on asia.nikkei.com