| The Chinese currency fell yesterday, heading for the steepest monthly decline since it was devalued last August, after the US Federal Reserve chief said an interest rate increase could come in the next few months.
Onshore yuan declined 0.24 per cent to a three-month low of 6.5814, extending losses this month to 1.55 per cent. The People's Bank of China (PBOC) had set the mid-point rate at 6.5784 per US dollar before the market opened, 0.45 per cent weaker than the previous fix of 6.549 and the currency's softest fixing since February 2011...............................................Full Article: Source
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