WSJ:China Defies U.S. Bill With Sustained Yuan Weakness
BY JEAN YUNG AND SHEN HONG
SHANGHAI—The yuan fell against the U.S. dollar Thursday after the Chinese central bank guided its currency downward for the second consecutive day, signaling Beijing's continued displeasure with a U.S. Senate vote on Tuesday to pass legislation targeting China's currency policy.
The move came despite the dollar's global weakness. It also came on the same day that China released data on its September trade surplus that analysts said could ease pressure somewhat on Beijing to let the currency appreciate faster.
The People's Bank of China on Thursday set the yuan's official guidepost—known as the parity rate—at 6.3737 yuan to the ...
