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Enoch Yiu

The People's Bank of China set the trading price for the yuan lower on Tuesday, the first time the currency has fallen over the past 8 days.
The mid-price was fixed at 6.3987 to the dollar, weaker by 125 basis points from the previous day when it was fixed at 6.3862.
The onshore yuan finished trading Monday at 6.4041.
The yuan was devalued by the PBOC on August 11, depreciated on Augsut 12 and 13 and the fix has risen since. 


China's PBOC fixes yuan down for first time in 8 days

A vendor in Beijing shows a stack of Chinese yuan notes as the currency was fixed for trading by the government down for the first time in 8 days. Photo: EPA

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