China's central bank set the reference rate fixed significantly lower. The yuan has lost much of its value on Monday. The central bank let the yuan reference rate depreciated significantly earlier. Unusually weak trade data from the weekend could be the reason.


The Chinese national currency yuan has given way to start of the week again noticeable. It fell on Monday morning -0.2 percent to 6.1405 yuan per dollar. Previously, the Chinese central bank had already significantly lowered the yuan reference rate. Compared to Friday the People's Bank of China reduced it -0.18 percent to its lowest level since early December 2013.
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