China cuts Yuan fix by highest since Aug 2015
China's central bank on Wednesday fixed the Yuan 0.6% weaker at 6.4943 against the US Dollar, the biggest downward movement since August 2015. This comes after China raised the Yuan-Dollar exchange rate on Friday by 0.56%, the biggest increase in nearly 11 years. China allows the Yuan to rise or fall 2% on either side of the daily fix. 