外文标题：China's yuan set for first big loss since 2005
HONG KONG: China's yuan edged up against the dollar on Wednesday following a stronger midpoint set by the central bank, but looked set to post its first significant yearly loss since its landmark revaluation in 2005.
The People's Bank of China (PBOC) fixed the official midpoint at 6.1190 per dollar, 0.06 per cent higher than Tuesday's 6.1224.
yuan is expected to have a forgetful year ahead
The article states that the fall in the yuan was 'engineered' by the Chinese Central Bank. Why is it that we are not able to engineer a rise or fall in the rupee ? Or does the RBI feel that such an exercise is not appropriate for India ?
The Dragon's fire is cooling.
i m lovin it
all Asian currencies hav depreciated tis year
That is called the wheel of fortune! It has to make a full circle to bring it to down and then make some periodical gains. As China's economy too now faces the challenges, the downward trend is expected.
K F C