- PBOC fixed weaker Yuan mid-point which traders believe is paving way for a two-way trading agenda
- Spot Yuan dropped to 6.3805 against Wednesday's close of 3.3585, up 3.28 pct so far this year.
- PBOC set its mid-point against the dollar weaker at 6.3737 compared with Wednesday's 6.3598.
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- The shrinking trade surplus and easing imported inflation may reduce some pressure for Beijing to quicken the pace of Yuan appreciation, With exports growing at a slower-than-expected pace, I think Beijing could slow down the pace of nudging up the Yuan in the coming months for fear of hitting its exports too much, especially when external demand is weakening
Du Zhengzheng, analyst At China Development Bank Securities in Beijing.