(Yicai Global) Oct. 29 -- The People's Bank of China softened the yuan by 65 bips against the US dollar to 6.7260, weakening the redback for the fifth straight day.

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