From Forexlive:
People’s Bank of China (PBOC) sets yuan reference rate at 6.3306
- Yesterday’s close was at 6.3231
- Yesterday the Yuan reference rate was set at 6.2298, a 1.9% weakening of the yuan, the biggest change on record.
The set is weaker than the prior close … very aggressive from the PBOC
- A 1.6% cut from the previous fix, not quite as large as the previous day’s 1.9% cut, but huge nonetheless
- Weakest yuan reference rate fixing since October of 2012
AUD slammed lower, to below the overnight lows.
Aussie crushed to post-GFC lows:
