The People's Bank of China (PBOC) set the midpoint rate at 7.0810 per dollar prior to market open, 240 pips or 0.34% weaker than the previous fix of 7.0570 and the weakest since March 18, 2008.
The move in Tuesday's official guidance rate was the biggest daily weakening in percentage terms since Aug. 7.
But traders said Tuesday's official guidance rate came in much stronger than their forecasts, and they took it as an official attempt to slow the pace of yuan depreciation.
"Apparently, (the PBOC) intentionally lifted the yuan fixing to stabilise the market," said a trader at a Chinese bank.
The official fixing was 245 pips or 0.35% firmer than Reuters' estimate of 7.1055 per dollar.
Các tin, bài viết khác
Stocks hold strong but businesses still in red
Nearly all Republicans back Trump in early impeachment test
Why did Leon Black pay $158m to Jeffrey Epstein?
Market makes sudden correction after hot growth
FDI inflow expected to revive the economy
Vietnam calls for talented people to work forefront
Economic recovery faces unseen hurdles
Phu Quoc Island faces possible property bubble
Biden prepares for a presidential inauguration like no other
Foreign capital needed to maintain sustainable market
