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Yuan sliding further after an aggressive devaluation from the PBOC today

Eamonn Sheridan
03/08/2018 | 02:00 GMT

The People's Bank of China cut the CNY again today:

  • PBOC sets USD/ CNY mid-point today at 6.8322 (vs. yesterday at 6.7942)

Offshore yuan sliding toward 6.9:

Onshore, not too much different:

You want me to say it again? Yuan has further to fall.

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