今日のテキスト YUAN DEVALUED FOR THIRD DAY

The Chinese yuan has hit a four-year low. The People's Bank of China has once again devalued the currency — this time by slightly more than one percent. The move comes after the currency's rate was slashed for trading against the dollar for two straight days.
Policymakers at the bank manage the currency through what's known as a "midpoint reference rate." They set Thursday's rate at 6.4010 yuan per dollar. That's down 1.1 percent from the previous day. The cut is smaller than in the previous two days. The bank devalued the rate by 1.8 percent on Tuesday, followed by 1.6 percent on Wednesday. Market players say the yuan could weaken further.
The deputy governor of the bank, Yi Gang, indicated the depreciation of the yuan is a short-term move. He denied that Chinese authorities lowered the rate to boost exports and spur the economy. He described claims the bank is aiming to devalue the currency by about 10 percent as nonsense.