Chinese yuan remains weak, offshore trading above 6.77 - ConsultFX

Chinese yuan remains weak, offshore trading above 6.77

The People's Bank of China set the onshore today at a mid rate above 6.7, and the offshore has taken that and run with it USD/CNH above 6.77:   Earlier we had not expressing much concern over the yuan, which traders have taken as a green light for a yuan thrashing.