Investing.com - Offshore Chinese yuan rates fell below 6.20 against the dollar on Thursday, quoted at 6.2025/6.2055 compared to the previous close of 6.1870, after a weaker onshore fixing by the People's Bank of China.
The PBOC Thursday set the yuan central parity at 6.1460, well below Wednesday's 6.1351. It was last trading at 6.2180 to the dollar, more than 1% below its central parity rate, but off the day's lower bound at 6.2689.
The PBOC in the past week widened the daily trading range to 2% around the central parity, a percentage point wider, and investors say that may signal guidance for a weaker currency.