A weaker Yuan is China’s answer to Trump’s trade war. The People’s Bank of China set the Yuan midpoint rate at 6.7671 today – up 605 pips from the previous day’s fix of 6.7066. This is the biggest single day devaluation of CNY since June 2016. The massive CNY drop could hurt the AUD, proxy for China and Asian currencies. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Japanese firms resigned to inflation below 1% – Reuters Corporate Survey FX Street 5 years A weaker Yuan is China's answer to Trump's trade war. The People's Bank of China set the Yuan midpoint rate at 6.7671 today - up 605 pips from the previous day's fix of 6.7066. This is the biggest single day devaluation of CNY since June 2016. The massive CNY drop could hurt the AUD, proxy for China and Asian currencies. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
