For the first time the Chinese currency fell below the reference exchange rate since 2012. The Chinese central bank "Bank of China" (PBoC) buys dollars in the market and the Chinese currency Yuan/Renminbi falls in value. "It's pretty obvious that the central bank buys dollars on State commercial banks in the market".


A dollar increased in price by up to 0.4 percent to 6,125 yuan, and listed in order above the current reference rate of the PBOC from $ 6.1184. The Chinese currency is not freely tradable, but must not exceed a fixed daily value by a maximum of one percent above or below.
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