PBOC weakens Yuan the most since August 2015

PBOC sets USD/CNY at 6.6375 vs 6.5776, which translates into the weaker fix (-0.9%) since the August 2015 devaluation of the Yuan. Additionally, the PBOC has injected 270bn yuan via 7-day reverse repos. The Australian Dollar has seen its downward pressure increase, trading near 0.74 vs the USD.