The yuan weakened toward the limit of its 2% fixed trading band against the dollar amid renewed stress from strength in the dollar and China’s worsening property woes. The onshore yuan this week declined to trade more than 1.9% weaker than the reference rate which defines the range on a daily basis. On Monday, it came to the closest to the end of the band since last October. The yuan weakness comes even after the central bank sought to support it by making it more expensive for speculators to bet against it in the offshore market and delivered a strong verbal warning against bears. Now, the currency is challenged by ... (full story)