The PBOC set yuan at its lowest on more than a year. Trump tweet on the way? - ConsultFX

The PBOC set yuan at its lowest on more than a year. Trump tweet on the way?

The People's Bank of China sets the reference rate for the Chinese yuan each business day - The PBOC is not an independent central bank - The PBOC is a branch of the governing party in China Despite what the talking heads might say, the devaluation is a policy move.