Fri, 29 Apr 2016 09:37:06 GMT
Yuan loses value in spite of high daily fixing
Despite the 11 year highest daily exchange rate fix by the PBoC, the Chinese Yuan fell 0.06% onshore to trade at 6.4795 against the US Dollar after opening, staying in the bounds of the daily guidance restriction of 2%. The 0.6% increase in the daily fixing did not, however, hinder the Hong-Kong traded equivalent to meet the 6.4837 Yuan mark, which