The central reference rate for the yuan from the People’s Bank of China today
- yesterday's close was 6.4172
- yesterday's mid point was set at 6.4078, the weakest for they yuan since August 27
The yuan set weaker again today ... its weaker than its weakest back in August now ... the mid-point set at its weakest since 2011
more to come
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News via Reuters:
- China's finance ministry is to revise import and export taxes for 'some products' in 2016
- Adjustment in tariffs will encourage imports of advanced equipment, energy raw materials, key assembly components
- Will continue to expand tax cuts on consumer goods
