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Pessimistic Economic Outlook Weighs on Chinese Yuan ETFs

Even as the People’s Bank of China pegs the currency at a higher rate relative to the U.S. dollar, Chinese yuan exchange traded funds weakened Wednesday, with the yuan currency touching a 16-month low. The WisdomTree Dreyfus Chinese Yuan Fund (NYSEArca: CYB) was down 0.2% Wednesday. CYB is...
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