China Weakens Yuan Fixing for Fourth Session as Dollar Advances

China’s central bank set the daily guidance rate for the yuan weaker for a fourth straight session, showing flexibility in the currency management to the US dollar’s advance.

By Charlie Zhu, Wenjin Lv · Bloomberg Markets

China’s central bank set the daily guidance rate for the yuan weaker for a fourth straight session, showing flexibility in the currency management to the US dollar’s advance.