China’s yuan TWI has hit its lowest since October 15 2021 (info via a Reuters calculation on its value).
The China Foreign Exchange Trade System (CFETS, a unit of the PBOC) manages the RMB (yuan, CNY) basket – which contains the currencies of 13 of China’s major trading.
CFETS index fell to 99.94 today, from 100.19 a day earlier
- the index has lost about 2.5% so far this year (the yuan has lost around 11.4% against the USD during the same time)
