Mon, 17 Mar 2014 15:04:54 GMT
Yuan falls as PBOC doubles fixing
The Chinese currency declined on Monday falling against the U.S. Dollar after the People's Bank of China doubled the daily fixing to the Greenback in order to fulfill a commitment to let the market play bigger role in the region's economy. The Yuan opened today at $6.15 per U.S. Dollar and it dropped to $6.1642 later during the session.