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Yuan's slide slows as PBOC signals end to devaluation

SHANGHAI -- Expectations of further declines in the yuan waned Thursday as the central bank hinted it was done steering the currency lower.

     The People's Bank of China lowered its official guidance rate for a third straight morning, but Assistant Gov. Zhang Xiaohui told reporters that such moves, which she described as correcting the gap between the benchmark and market rates, had "basically ended."

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