The onshore spot yuan fell below 6.77 per dollar, following another weak midpoint fixing set by the People’s Bank of China. The onshore spot yuan fell below 6.77 per dollar, following another weak midpoint fixing set by the People’s Bank of China. China’s offshore yuan slipped to a fresh six-year low against the U.S. dollar in early trade on Monday, in line with the weakness of the onshore yuan after the global dollar index hit the highest level in eight months. The onshore spot yuan fell below 6.77 per dollar, following another weak midpoint fixing set by the People’s Bank of China. The dollar index rose to 98.841, its strongest level since Feb. 3.

Source: Indian Express October 24, 2016 01:52 UTC