Renminbi ‘fix' lowered as stock market nosedives


China's central bank today (August 25) lowered its daily currency ‘fix' by the biggest margin since devaluing the renminbi two weeks ago after the country's major stock markets tumbled for a second consecutive day.

The People's Bank of China (PBoC) lowered the midpoint value around which the renminbi is allowed to fluctuate by 0.2% from the previous day to 6.398 against the US dollar. 

Under the new exchange rate regime, the central bank still sets the daily fix, but the decision is informed by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: