The Chinese currency has fallen more than 1.5 per cent in value against the US dollar over the past fortnight. Photo: Reuters

Offshore yuan drops to six-year low even as central banker sought to sooth market’s concerns

“There’s no basis for the yuan’s continued depreciation,” the PBOC’s deputy governor Yi Gang wrote in an Op-Ed on Tuesday in the People’s Daily newspaper

Topic |   Yuan

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The Chinese currency has fallen more than 1.5 per cent in value against the US dollar over the past fortnight. Photo: Reuters
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