(Yicai Global) Nov. 24 -- The People's Bank of China softened the yuan by 90 bips to 6.5809 against the US dollar today.

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