People's Bank of China reference rate for the USD/yuan

  • Friday's close was 6.3850
  • Friday's mid point was set at 6.3780

A good size deprecation of the yuan today form the bank ... weakest setting since August 31

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Commodities trading lower in China this morning already (nickel to its lowest since 2003)

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ps. Piece on Bloomberg over the weekend:

  • Goldman Sachs ... saying the biggest risk to a rebound in emerging-market assets next year is a "significant depreciation" of the yuan