China’s daily yuan fixing is once more drawing attention. A bout of sudden weakness in the currency has traders looking closely at the reference rate again, scouring for policy signals. A slide in the yuan on Thursday to levels last seen in December was followed by the People’s Bank of China setting the reference rate to the dollar at the weakest level in almost three months. After a relentless advance for eight months against the world’s reserve currency, the yuan has dropped about 1.7% since a January high. In a statement published after Wednesday’s quarterly meeting of the monetary policy committee, the central ... (full story)