Onshore yuan in Shanghai traded at 6.7121 against the US dollar, 0.11 per cent weaker than on Monday to refresh its weakest level since September 2010. Photo: Reuters

Yuan drops to fresh six-year low but analysts confident PBOC will avoid drastic adjustments

Central bank sets yuan reference point at 6.7098 to the US dollar, 90 basis points or 0.13 per cent lower than Monday

Topic |   Yuan

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Onshore yuan in Shanghai traded at 6.7121 against the US dollar, 0.11 per cent weaker than on Monday to refresh its weakest level since September 2010. Photo: Reuters
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