The yuan devaluates almost 2% against the U.S. dollar on Tuesday

Market news

11 August 2015

The yuan devaluates almost 2% against the U.S. dollar on Tuesday

The yuan devaluated almost 2% against the U.S. dollar on Tuesday. The People's Bank of China set Tuesday's daily fixing at 6.2298 per U.S. dollar, down from 6.1162 on Monday.

A weaker yuan should help to boost the activity in the manufacturing sector and exports, which dropped 8.3% year-on-year in July.

The Greek government reaches an agreement with international lenders on the primary budget targets

National Australia Bank’s business confidence index for Australia drops to 4 in July

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