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Chinese currency devalued to 6.8596 against US dollar on Jan 25

Wednesday, 25 January 2017 10:01:08 (GMT+3)   -   Shanghai
SteelOrbis News

On January 25, the People’s Bank of China (PBOC) announced a further devaluation of the Chinese currency to RMB 6.8596 against the US dollar, down 265 base points compared to the official rate of RMB 6.8331 on January 24.

On January 25, the Chinese currency stands at RMB 7.3613 against the euro, RMB 8.6042 against the British pound, RMB 5.2028 against the Australian dollar, and at RMB 5.2218 against the Canadian dollar, compared respectively to RMB 7.3644, RMB 8.5660, RMB 5.1881 and RMB 5.1673 on January 24.

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