China weakens yuan fix by most since August devaluation
PBOC cuts value of yuan by 0.59 per cent from Tuesday; analysts say move in line with strength in US dollar
Thu, May 05, 2016 - 5:50 AM
CHINA's central bank on Wednesday fixed the yuan nearly 0.60 per cent weaker against the US dollar, according to the national foreign exchange market, the biggest downward move since devaluing the unit in August last year.
The People's Bank of China set the value of the...