Yep, the Chinese yuan has been weakening.

Here’s a quick article from the Wall Street Journal on what is going on, if you need a catch up:

  1. Here’s what happened:
  2. Why does this matter now? Why are they doing it?
  3. Why does China want to free its currency in the long term?
  4. Why else?


And more, here (this one is gated though): China’s Central Bank Engineered Yuan’s Decline