Newsclip®: [Business] China weakens currency fixing to the lowest since 2011 | TODAYonline

"SHANGHAI — China’s central bank weakened its currency fixing to the lowest since March 2011 as the US dollar strengthened. The reference rate was set 0.3 per cent weaker at 6.5693 per dollar. A gauge of the greenback’s strength rose to a two-month high on Tuesday (May 24) as traders boosted wagers that US interest rates will rise. The yuan declined 0.06 per cent to 6.5631 a dollar as of 5.10pm in Shanghai.",

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