(Yicai Global) Oct. 26 -- The People's Bank of China weakened the yuan by 22 bips to 6.6725 against the US dollar, down from the previous trading day's firmest rate for the redback in 27 months.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, designates the benchmark on the morning of each business day. Spot rates may deviate 2 percent above or below its figure.

Editor: Emmi Laine