Yuan’s Worst Week in Six Months Casts Spotlight on PBOC Fixing

The yuan is closing in on its biggest weekly drop in over six months as the dollar rebounds, sharpening the focus on the Chinese central bank’s policy signals.

China’s currency has depreciated 0.7% since July 25 in the offshore market to head for its largest weekly decline since end-January. Its onshore peer slid 0.6% during the period, putting it on track for its worst performance since early February.