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10 things you need to know before European markets open

Good morning! Here's what you need to know on Monday. The People’s Bank of China (PBOC) has just set its USD/CNY fixing rate at a 6-year low. Again. The PBOC set the yuan’s mid-point at 6.7379, weaker than previous fix of 6.7157 and the last traded price of 6.7271 on Friday. The weakness in the yuan is a reflection of US dollar strength. The US dollar index — heavily influenced by movements in the euro and Japanese yen — has jumped more than 2.
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