"Weak exports scream for a weaker yuan, but at what expense as far as capital outflows," said Stephen Innes, senior FX trader for FX broker OANDA in Singapore. "The yuan will weaken gradually into the year-end from fundamental issues unless there is a huge surprise in the economic climate both in China and the globe," Innes said, adding his year-end forecast for offshore yuan is 6.8000 per dollar. The so-called CNH fell to as weak as 6.7664 earlier. Reuters
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