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The yuan fell 664 pips against the U.S...>

CHINA YUAN
MNI (London)
CHINA YUAN: The yuan fell 664 pips against the U.S dollar Thursday,the biggest
daily drop in over two-years. 
 - The USDCNY closed at 6.3260, its highest since Jan 30. 
 - The yuan depreciated as much as 750 pips during the day, the biggest since a
big drop of 770 pips on August 2015 when the PBOC suddenly allowed the yuan to
depreciate by nearly 2% against the U.S. dollar.
 - PBOC set the yuan central parity rate vs the U.S. dollar at 6.2822, stronger
than Wednesday's 6.2882. 
* Data from China Foreign Exchange Trade System 
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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