PBOC Weakens Yuan by 139 Bips to 6.5921(Yicai Global) Dec.1 -- The People’s Bank of China weakened the yuan by 139 bips to 6.5921 against the US dollar this morning.
The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, sets the benchmark on the morning of each business day. Spot rates may swing 2 percent above or below its figure.
Editor: Ben Armour
