People's Bank of China reference rate for the USD/yuan
- Friday's close was 6.3850
- Friday's mid point was set at 6.3780
A good size deprecation of the yuan today form the bank ... weakest setting since August 31
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Commodities trading lower in China this morning already (nickel to its lowest since 2003)
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ps. Piece on Bloomberg over the weekend:
- Goldman Sachs ... saying the biggest risk to a rebound in emerging-market assets next year is a "significant depreciation" of the yuan
