China – Yuan slides 0.35% to 6.12, biggest drop in two years

At 6.12 the yuan is below its reference rate on the day … Market chatter is that the PBOC is working to narrow the spread between onshore and offshore yuan rates to try to lessen speculative inflows. Seeing some impact on the AUD/USD, down toward session lows (admittedly a small range session so f…

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China – Yuan slides 0.35% to 6.12, biggest drop in two years