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Home
> Central Banks
> Yuan has fallen to within a hair of its limit-down
Central Banks

Yuan has fallen to within a hair of its limit-down

Eamonn Sheridan
Eamonn Sheridan
Friday, 28/02/2014 | 03:22 GMT
28/02/2014 | 03:22 GMT
  • 0

The onshore yuan is allowed by the PBOC to trade within +/- 1% of its reference rate on any one day.

  • It has fallen 0.96% today at its extreme, so it looks like its close to finished its slide for today at least
    :-D
  • It has weakened 1.64 per cent against the US currency in the last nine days

Earlier posts on it today:

  • China – yuan hits 6.1500
  • and People’s Bank of China (PBOC) sets yuan reference rate at 6.1214
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