17 Nov 2016
PBOC weakens USDCNY mid-point again, 10th straight weaker fix
PBOC set USD/CNY mid-point at 6.8692 vs 6.8592, lowering the yuan for the 10th consecutive day, although fixed its below yesterday’s close of 6.8761.
In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day, Xinhua news agency reported.