PBOC weakens Yuan for the 9th day, longest losing streak since Dec 2015

The Chinese central bank, PBOC,  set the Yuan mid-point at 6.86 per dollar, down 97 pips from the previous close, lowering the local currency for the ninth consecutive.

This marks Yuan's longest losing streak since December 2015. The yuan fell once again after the US dollar extended its post-Trump win rally against its main competitors, sending the USD index as high as 100.28 levels.

The greenback got fresh impetus from better-than expected US retail sales and import prices data, which further fuelled Dec Fed rate hike bets.