The renminbi weakened past the Rmb6.6 per dollar mark for the first time in six months on Wednesday amid expectations that China’s central bank will move to prevent it from falling too far.
The onshore exchange rate, which is limited by a trading band of 2 per cent in either direction, softened 0.5 per cent to Rmb6.606 per dollar - the weakest level since late December.
The less tightly managed offshore exchange rate was 0.4 per cent weaker at Rmb6.6063.
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