China’s yuan falls below a key dollar level for the first time this year as the economy’s rebound sputters


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Chinese banknotes are seen at a vendor's cash box at a market in Beijing February 14, 2014. REUTERS/Kim Kyung-Hoon The yuan fell bellow the critical 7-per-dollar threshold on Wednesday amid weak economic data. That's the first time this year that China's currency undercut that key psychological level. The yuan has fallen more than 4% from a January high as hopes for a big post-pandemic rebound fade. The Chinese yuan weakened past the crucial level of 7 against the dollar for the first time this year as hopes for China's post-pandemic recovery continue to fade. In offshore trading Wednesday, the yuan...