Yuan falls 0.9% in Hong Kong

The currency traded in the city at record discount to the onshore exchange rate.

A Bloomberg report said, “China’s yuan weakened the most on record in Hong Kong, sliding to the biggest discount to the onshore exchange rate since the currency began trading in the city last year, as global funds sold emerging-market assets.”

The yuan, according to the report, sank 0.9 percent to 6.4430 per dollar as of 5:02 p.m. on 22 September 2011. This is a 0.9 percent discount to the rate in Shanghai, according to data compiled by Bloomberg.

View the report here.