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2016-01-06 — cnbc.com
The Chinese yuan plunged to a five-year low in offshore trading and the gap between it and its mainland counterpart widened sharply on Wednesday, reflecting growing expectations of further weakness in the currency amid an economic slowdown and a slump in stock markets.
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"The spread between the onshore and offshore yuan has now reached some of the highest levels in the pair's history -- a clear indication of both volatility and intervention," said Angus Nicholson, a market strategist at IG.
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