China’s Market News: Yuan Rate Drops, Credit Risk Increases

The PBOC continued to weaken the Yuan fix on Wednesday. At the same time, multiple Chinese firms have entered into the bankruptcy restructure process due to default.


from DailyFX - Forex Market News https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/china_news/2016/10/12/Chinas-Market-New-Yuan-Rate-Drops-Credit-Risk-Increases.html?DFXfeeds=forex:fundamental:daily_briefing:daily_pieces:china_news