FXStreet (Bali) – China Central Bank says today’s devaluation in midpoint is based on analysis of fresh economic data and improved quotation mechanism, Reuters reports.
Headlines – via Reuters
China c.bank says says fluctuation in midpoint is normal, result of market forces playing decisive role
China c.bank says there is no basis for a sustained deprecation of yuan given global and domestic economic conditions
China c.bank says daily volatility in yuan will steady after a short period of time as participants grow accustomed to new pricing system
(Market News Provided by FXstreet)