Markets

China's offshore yuan trades at weakest since early Sept

Published December 7, 2015 Updated December 7, 2015 08:41am

1 min

By Parvez Jabri

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SHANGHAI: China's offshore yuan was trading at 6.4622 per dollar late on Monday afternoon, its weakest level since Sept. 10 and 0.84 percent weaker than the onshore rate.

The gap between onshore and offshore yuan widened to more than 560 pips, and looked set for its widest closing spread since September barring a last-minute recovery before markets close.

The spot market opened at 6.4021 per dollar and was changing hands at 6.4079, 59 pips away from the previous close.

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