Tuesday, October 11, 2016

Has The Bottom Been Put In For The Yuan?

Central bank sets midpoint of yuan at weakest level in six years

A clerk counts yuan bank notes and US dollar bills at a bank of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province, Nov 28, 2012. [Photo/IC] Midpoint of yuan set by China's central bank on Monday stood at 6.7008, the weakest level since September 2010, but economists see no further sharp…