Onshore yuan had dropped 0.53 per cent or 353 points to 6.7038 to the US dollar by 10am on Monday, while offshore yuan in Hong Kong lost 0.08 per cent to 6.7107, their lowest levels in six years. Photo: Bloomberg

PBOC sets yuan fixing at six-year low amid renewed depreciation pressure

Monday’s action marks the first forex trades in China’s onshore market since the yuan was formally included into the IMF’s special drawing right reserve at the start of October

Topic |   Yuan

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Onshore yuan had dropped 0.53 per cent or 353 points to 6.7038 to the US dollar by 10am on Monday, while offshore yuan in Hong Kong lost 0.08 per cent to 6.7107, their lowest levels in six years. Photo: Bloomberg
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