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<p class="text-align-start vertical-align-baseline">I posted this yesterday, read it as some background to today's mid-rate setting:</p><ul><li><a href="https://www.forexlive.com/centralbank/ahead-of-the-yuan-rate-setting-from-the-pboc-a-reminder-of-the-move-to-limit-its-downside-20220906/" target="_blank" data-article-link="true" class="article-link">Ahead of the yuan rate setting from the PBoC, a reminder of the move to limit its downside</a></li></ul><p>Despite best efforts from the People's Bank of China the yuan is continuing its collapse. </p><p>Of course, its not the only currency getting smashed against the rampant US dollar. Yuan and yen are particularly vulnerable given monetary policy divergence with the hiking Federal Reserve. </p><p>Offshore yuan update:</p>

                This article was written by Eamonn Sheridan at forexlive.com.