Chinese Yuan Poised for Biggest One-Day Drop Since 2015 Devaluation

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The Chinese yuan dropped 1.1% against the U.S. dollar Thursday, on track for its biggest one-day decline since the Chinese central bank devalued the currency in August 2015.

In recent action, the dollar traded at 6.3287 yuan in the onshore market, putting the Chinese currency on track for a 1.1% loss against the dollar. It fell as much as 1.4% earlier in the session. One dollar had bought 6.2596 yuan at the 4:30 p.m. close of domestic trading Wednesday.



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