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China's Yuan Plunges To 4-1/2 Year Low As PBoC Sets Lower Midpoint

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Dec 14, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    China's yuan renminbi plunged to a 4-1/2 year low against the U.S. dollar on Monday, as the People's Bank of China (PBoC) set a lower midpoint. The PBoC set a midpoint of 6.4495, compared to 6.4358 on Friday, causing the yuan to resume its plummet for a sixth straight session[​IMG]

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