[explanation here] ). But for China, which is now in easing mode, and is increasingly concerned what rate differential will do to the Chinese economy once the Fed begins tightening, the drop in the dollar appears to not be nearly enough and on Thursday, the Chinese central bank set the yuan’s reference rate at the weakest relative to expectations in a month.

China Sends A Message With Weakest Yuan Fixing Relative To Expectations In Over A Month comes via ChinaTechNews.com.