However, the yuan weakened in the spot market, climbing above 6.37 yuan to the U.S. dollar. Based on the today's fixing, the yuan can fall beyond 6.38 before hitting the 1% limit.
With the euro down sharply today, the yuan is likely trading in overvalued territory once again.
Yuan dives vs dollar after holiday, spot near 7-mo low
Construction sector drives jump in insolvencies
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New data from the Australian Securities & Investments Commission (ASIC)
shows a big jump in external administrations in March, with 7,742 firms
going und...
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