The People’s Bank of China weakened its yuan fix further this morning, down 122 pips to 6.6594 per dollar, the lowest since December 2010. The offshore yuan fell another 0.1% to 6.6818.
According to many experts, the Chinese currency will continue weakening in 2016. Brexit is called among the factors that have a major impact on the yuan, as the UK's exit from the EU had a negative impact on all financial markets.
Yuan reaches new historic low
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