China’s yuan has weakened more than 5% against the dollar this year and has lately been squeezed to the lower extremity of its trading band as the U.S. currency climbed. It is unusual and partially caused by Chinese authorities leaning against market forces in setting the trading band’s level....
https://www.hellenicshippingnews.com/why-is-chinas-yuan-so-close-to-its-lower-limit/