Confidence in the yuan took a beating this week after it weakened beyond a key level. Photo: Simon Song women talks on her mobile phone which skin has the image of China's 100 yuan on Mao Zedong Square in Shaoshan, hometown of Mao Zedong in central China's Hunan province, on Sep 9, 2016. 09SEP16 Photo by Simon Song

‘What’s next?’ traders ask, after PBOC stays on the sidelines as yuan weakens past key level

Currency experts and traders are rethinking assumptions after the PBOC surprised the forex market by letting the yuan weaken beyond 6.8 per US dollar

Topic |   Yuan

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Confidence in the yuan took a beating this week after it weakened beyond a key level. Photo: Simon Song women talks on her mobile phone which skin has the image of China's 100 yuan on Mao Zedong Square in Shaoshan, hometown of Mao Zedong in central China's Hunan province, on Sep 9, 2016. 09SEP16 Photo by Simon Song
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